Australia is scheduled to release a batch of data on Tuesday, highlighting a busy day for Asia-Pacific economic activity. On tap are April numbers for building approvals and private sector credit and Q1 figures for current account and company gross operating profits. In March, building approvals were...
A report released by the Commerce Department on Monday showed construction spending in the U.S. increased from a downwardly revised level in the month of April. The Commerce Department said construction spending climbed by 0.4 percent to an annual rate of $2.172 trillion in April after rising by 0.2 percent to a revised rate of $2.164 trillion in March.
Manufacturing activity in the U.S. expanded for the fifth consecutive month in May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI rose to 54.0 in May from 52.7 in April, with a reading above 50 indicating growth. Economists had expected the index to inch up to 53.1.
Bulgaria's consumer price inflation accelerated further in May to the highest level in more than two-and-a-half years. The consumer price index, or CPI, climbed 7.0 percent year-over-year in May, faster than the 6.8 percent rise in April. The rise in inflation was largely driven by a 22.1 percent jump in transportation costs. On a monthly basis, consumer prices increased 0.2 percent.
The UK manufacturing activity expanded at the quickest pace in four years despite facing inflationary and supply chain pressures. The final manufacturing Purchasing Managers' Index rose to a 48-month high of 53.9 in May from 53.7 in the previous month. Output grew for the second successive month, led by expansions in the intermediate and investment goods industries.
The Swiss economy expanded less than estimated in the first quarter on subdued domestic demand, data from the State Secretariat for Economic Affairs, or SECO, showed Monday. Gross domestic product grew 0.4 percent in the first quarter, which was revised down from the initial estimate of 0.5 percent.
The Polish economic growth moderated slightly less than estimated initially in the first quarter. Gross domestic product advanced an unadjusted 3.5 percent yearly in the first quarter, slower than the 4.1 percent rise in the final quarter of 2025. On the expenditure side, the annual growth in household consumption eased to 3.3 percent from 4.3 percent.
Turkey's economic growth moderated further in the first quarter of 2026. Gross domestic product posted an annual growth of 2.5 percent after rising 3.4 percent in the fourth quarter. The expenditure breakdown showed that the yearly growth of household final consumption eased to 4.8 percent from 5.2 percent, and government expenditure rose by 2.1 percent.
The upturn in the euro area manufacturing sector lost momentum in May amid rising prices and supply disruptions due to the war in the Middle East, final survey results from S&P Global showed Monday. The manufacturing Purchasing Managers' Index fell to 51.6 in May from a near four-year high of 52.2 in the prior month. The flash score was 51.4.
Dutch manufacturing activity expanded at the quickest pace in almost four years due to a pick in demand amid efforts to build safety stocks as supply chain conditions declined further. The Nevi Manufacturing Purchasing Managers' Index rose to 55.9 in May from 54.4 in April. The increase in new orders was attributed to stockpiling efforts by customers amid disruptions to supply chains.
Loans to the euro area private sector registered a steady growth in April and the annual increase in money supply slowed to the lowest since mid-2024, the European Central Bank said Monday. Adjusted loans to the private sector increased 3.5 percent, unchanged from the previous month. Within this,...
Sweden's industrial economy expanded at the quickest pace in more than four years in May. The purchasing managers' index for the manufacturing sector rose to 57.3 in May from 57.0 in April. Among components, the employment sub-index was the largest contributor to the rise in the PMI, followed by inventory purchases. Price pressures intensified to the highest level since spring 2022.
The euro area unemployment rate remained unchanged in April, data from Eurostat revealed Monday. The jobless rate stood at 6.3 percent, unchanged from March as well as with April 2025. The rate was expected to remain stable at March's initially estimated figure of 6.2 percent. The number of...
Germany's retail sales dropped in April, primarily driven by reduced petrol station turnover following Middle East geopolitical tensions, data from Destatis showed Monday. Retail sales fell 0.3 percent on a monthly basis in April, the same pace of decline as seen in March. Sales were forecast to decline...
Russia's factory activity contracted at the weakest pace in three months amid a renewed increase in output levels. The manufacturing purchasing managers' index, or PMI, rose slightly to 48.8 in May from 48.1 in April. The overall downturn was attributed to further declines in new sales due to weak client demand and a drop in purchasing power at customers.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.