GDP shrinks in Q1: GDP unexpectedly contracted 0.7% year on year in the first quarter (Q4 2024: +1.5% yoy), marking...
Latest Global Economic News
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Slovenia: Economy records sharpest contraction since Covid-19 pandemic in Q1 -
Colombia: Consumer confidence index turns more pessimistic in April Latest reading: The consumer confidence index deteriorated to minus 8.6 in April, down from March’s minus 7.1 and dipping further... -
Saudi Arabia: Saudi Arabia oil production rises in April as OPEC+ begins hiking output Latest reading: Brent crude oil prices averaged USD 66.93 per barrel in April, down 6.7% from March. On 30 April,... -
UAE: UAE oil output rises in April as OPEC+ accelerates hikes Latest reading: Brent crude oil prices averaged USD 66.93 per barrel in April, down 6.7% from March. On 30 April,... -
Sweden: CPIF inflation holds steady, slightly above target in May Latest reading: Consumer prices with a fixed interest rate (CPIF) inflation was unchanged at 2.3% for the third straight month... -
Indonesia: Retail sales fall at sharpest pace since April 2024 in April Latest reading: Retail sales fell 2.2% in year-on-year terms in April, which contrasted March’s 5.5% increase. April’s figure marked the... -
Belgium: Industrial output growth gains momentum in March Latest reading: Industrial output rose 1.7% in month-on-month seasonally adjusted terms in March, which was above February’s 1.4% increase. Looking... -
Argentina: Inflation drops to lowest level since April 2021 in April Latest reading: Inflation came in at 47.3% in April, down from March’s 55.9%. April’s result represented the weakest inflation rate... -
Romania: Decline in industrial activity softens in March Latest reading: Industrial output decreased 0.5% in seasonally and calendar-adjusted month-on-month terms in March, which was a less pronounced drop... -
Hungary: Decline in industrial output softens in March Latest reading: According to a second estimate by the Statistical Institute, industrial output shrank 5.1% in seasonally and calendar-adjusted year-on-year...