In May, Chinese banks distributed CNY 1.9 trillion (roughly USD 280 billion) in new yuan loans, up from April’s 0.6...
Latest Global Economic News
-
China: Credit growth picks up in May, although underlying credit demand remains soft -
Ireland: Industrial activity records largest year-on-year decrease on record in April Industrial output plunged 9.6% in month-on-month seasonally-adjusted terms in April, which contrasted March’s 1.0% increase. April’s reading was partly due... -
Sweden: Industrial output drops at sharpest rate since August 2021 in April Industrial output declined 1.4% month-on-month in seasonally-adjusted terms in April (March: +2.1% mom). The result marked the worst reading since... -
Ukraine: GDP nosedives in Q1 amid Russian invasion A preliminary release revealed that GDP tumbled 15.1% year on year in the first quarter of 2022, sharply contrasting the... -
Dominican Republic: Inflation moderates in May Consumer prices increased 0.49% from the previous month in May, picking up from April’s 0.96% rise. Looking at the details... -
Turkey: Inflation comes in at highest level since our records began in June Consumer prices jumped 4.95% month on month in June, up from the 2.98% increase recorded in May. The uptick came... -
Lithuania: Inflation comes in at highest level since September 1996 in May Consumer prices increased 2.34% from the previous month in May, picking up from the 1.90% increase seen in April. Looking... -
Mexico: Inflation is stable in May Consumer prices increased 0.18% in May over the previous month, which was below April’s 0.54% increase. May’s result marked the... -
India: Reserve Bank of India hikes rates again in June meeting On 8 June, the Reserve Bank of India (RBI) hiked the repo rate—its main policy instrument—by 50 basis points to... -
Norway: Industrial output deteriorates in April Industrial output slid 0.5% in month-on-month seasonally-adjusted terms in April, which contrasted March’s 2.5% increase. Looking at the details of...