Retail sales nosedived 31.5% year-on-year in April (March: -14.5% yoy) as stores were shut closed due to the nationwide lockdown....
Latest Global Economic News
-
Spain: Retail sales crash at sharpest pace on record in April -
Nigeria: Central Bank unexpectedly cuts rate to lowest in four years in May At its 28 May meeting, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) decided to slash... -
Sweden: Comprehensive data shows economy expanded meekly in Q1 The economy expanded 0.1% in the first quarter of 2020 in seasonally-adjusted terms, according to revised estimates, up from both... -
Korea: BOK chops rates to a fresh all-time low at the end of May, slashes economic forecast On 28 May, the Bank of Korea (BOK) voted to lower the base rate from 0.75% to 0.50%, as markets... -
France: Consumer sentiment deteriorates further in May In May, consumer sentiment declined to 93 from 95 in April, according to the Statistical Institute (INSEE). As such, the... -
France: Business sentiment ticks up in May but remains largely pessimistic In May, the French Statistical Institute’s (INSEE) business climate indicator for the manufacturing sector inched up to 70 from a... -
Guatemala: Banguat stands pat at its 27 May meeting At its 27 May meeting, the Monetary Board of the Bank of Guatemala (Banguat) stood pat and kept the key... -
Canada: Housing prices increase at the quickest pace since July 2017 in April According to the Teranet-National Bank Composite House Price Index, house price growth accelerated to 1.3% on a month-on-month non-seasonally-adjusted basis... -
Ukraine: Industrial output shrinks at fastest pace in nearly five years in April Industrial production plunged 16.2% over the same month last year in April, after a 7.7% drop in March and marking... -
Brazil: Business confidence improves in May, yet remains in pessimistic territory The Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) industrial business confidence rose to 61.4 in May from April’s record low...