Poland's industrial production growth moderated in April, while producer prices increased for the second straight month. Industrial production advanced 3.1 percent year-over-year in April, slower than the revised 7.5 percent growth in the prior month. Producer prices rose 1.9 percent yearly in April, following a 1.2 percent increase in March, which was the first rise since July 2023.
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly weakened in the month of May. The Philly Fed said its diffusion index for current general activity plummeted to a negative 0.4 in May from a positive 26.7 in April, with a...
New residential construction in the U.S. pulled back by much less than expected in the month of April, according to a report released by the Commerce Department on Thursday. The Commerce Department said housing starts slumped by 2.8 percent to an annual rate of 1.465 million in April after soaring...
The Labor Department released a report on Thursday showing first time-claims for U.S. unemployment benefits unexpectedly edged lower in the week ended May 16th. The report said initial jobless claims dipped to 209,000, a decrease of 3,000 from the previous week's revised level of 212,000. Economists...
Italy's current account surplus increased notably in March from the previous year. The current account surplus rose to EUR 1.75 billion from EUR 0.28 billion in the corresponding month last year. The goods surplus decreased somewhat to EUR 3.75 billion from EUR 3.76 billion. Meanwhile, the deficit in services trade narrowed to EUR 1.9 billion from EUR 2.1 million.
Hong Kong's consumer price inflation held steady for the second straight month in April. The consumer price index, or CPI, climbed 1.7 percent year-over-year in April, the same as in the previous two months. Inflation based on transportation rose to 4.3 percent from 3.9 percent amid higher fuel costs, while food inflation moderated to 0.7 percent from 0.9 percent.
Switzerland's industrial production declined at the steepest pace in nearly six years. Industrial production fell 7.1 percent year-over-year in the first quarter, much faster than the 0.4 percent drop in the fourth quarter. Manufacturing output logged a renewed contraction of 7.1 percent, and the energy supply segment continued to decline by 6.9 percent
The euro area private sector registered a renewed contraction in April as the war in the Middle East took its toll on business activity, flash survey data from S&P Global showed Thursday. The flash composite output index logged 47.5 in May, down from 48.8 in the previous month. The score was expected to remain stable at 48.8.
Germany's private sector contracted in May amid a backdrop of weakening demand and high inflationary pressures, flash survey data from S&P Global showed Thursday. The flash composite output index fell to 48.6 in May from 48.4 in April. A score below 50.0 indicates contraction. Economists had forecast...
Sweden's jobless rate decreased in April after rising to a 10-month high in the previous month. The unadjusted unemployment dropped to 8.7 percent in April from 9.7 percent in March. There were 500,100 unemployed people in the country compared to 564,900 in March. On a seasonally adjusted basis, the jobless rate declined to 8.5 percent from 9.2 percent.
France's private sector contracted at the sharpest pace in five-and-a-half years in May, flash survey data from S&P Global revealed Thursday. The flash composite output index dropped to 43.5 in May from 47.6 in the prior month. This was the lowest score since November 2020 and also stayed below forecast...
Consumers in the Netherlands remained more negative in May, while the unemployment rate decreased further in April to the lowest level in eight months. The consumer confidence index dropped to -46 in May from -44 in April. This was the lowest score since January 2023, when it was -49. The unemployment rate dropped to 3.9 percent in April from 4.0 percent in March.
India's private sector activity continued to expand strongly in May, though the pace of growth eased marginally amid weaker increases in domestic and foreign orders. The HSBC flash composite output index dropped to 58.1 in May from 58.2 in April. The survey revealed that a pick-up in growth across the service economy was offset by a weaker increase in factory production.
Australia's unemployment rate rose to the highest since 2021 in April, data from the Australian Bureau of Statistics showed Thursday. The unemployment rate rose to 4.5 percent in April from 4.3 percent in March. This was the highest since November 2021, when the rate was 4.6 percent. The number...
The value of core machinery orders in Japan was down a seasonally adjusted 9.4 percent on month in March, the Cabinet Office said on Thursday - coming in at 1,010.9 billion yen. That missed forecasts for a decline of 7.7 percent after jumping 13.6 percent in February. On a yearly basis, orders...
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.