Labor market conditions in the common currency block improved in May. The number of unemployed people decreased by 306,000, while...
Latest Global Economic News
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Euro Area: Unemployment rate drops in May -
Korea: Merchandise exports lose steam in June but stay robust Merchandise exports soared 39.7% in annual terms in June, on the heels of May’s 45.6% jump. Meanwhile, merchandise imports jumped... -
Chile: Economic activity grows at record pace in May on low base effect Economic activity rose 18.1% in year-on-year terms in May, which followed April’s 14.0% increase. May’s print marked the strongest expansion... -
Switzerland: Retail sales growth ebbs in May Retail sales grew 2.8% year-on-year in calendar-adjusted terms in May (April: +37.7% c.a. yoy). The notable deterioration largely reflected drops... -
Switzerland: Inflation registers joint-highest level in over two years in June Consumer prices rose 0.07% over the previous month in June, which was below May’s 0.26% rise. June’s result marked the... -
Mexico: Remittances continue to surge in May Remittances reached USD 4.5 billion in May, representing a 31.0% year-on-year surge. This followed April’s 39.1% year-on-year expansion. In the... -
Kazakhstan: Inflation comes in at highest level since January 2017 in June Consumer prices rose 1.10% in June over the previous month, picking up from May’s 0.71% rise. June’s figure marked the... -
Sweden: Riksbank maintains monetary policy at July meeting; upgrades growth outlook for 2021 At its meeting on 1 July, the Riksbank left its monetary policy unchanged, maintaining its key repo rate at 0.00%... -
Japan: Business sentiment hits highest level in two and a half years in Q2 Business sentiment among large manufacturers—according to the Bank of Japan’s closely watched Tankan survey—came in at plus 14 in Q2,... -
Cyprus: Inflation comes in at highest level since March 2012 in June Consumer prices rose 0.31% in June over the previous month, moderating from May’s 0.63% rise. June’s result marked the softest...