New Zealand’s retail sales volume fall in Q1, likely to be very subdued in Q2

May 22, 2020 13:04 pm UTC| Commentary

New Zealands retail sales volume fell 0.7 percent quarter-on-quarter in the first quarter, with some major moves supporting this. Supermarket and grocery volumes recorded a strong growth of 8.5 percent quarter-on-quarter,...

U.K.’s flash PMI indices rebound in May but remain below 50, economic activity continues to drop

May 21, 2020 16:34 pm UTC| Commentary

U.K.s flash PMIs for May saw marked rebounds, recovering from the falls to record lows seen in April. The flash manufacturing PMI rose to 40.6 in May from Aprils 32.6, while the services PMI index rose to 27.8 from 13.4 in...

Euro area’s economic activity continues to contract in May, flash PMI index remains below 50

May 21, 2020 15:51 pm UTC| Commentary

Euro areas economic activity continued to contract deeply in May, according to the flash PMI index, which stayed below the 50-mark in May. The PMI index rose to 30.5 in May from April 13.6, suggesting less deep contraction...

Digital Currency Revolution Series: CoinPayments Partners With Shopify For E-Commerce

May 21, 2020 11:35 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

Of late, E-commerce companies, digital payment system and blockchain technology are complimenting each other in their business functionalities. There have been plenty of MAs between blockchain, digital wallet and...

Canadian headline inflation turns negative in April

May 20, 2020 18:18 pm UTC| Commentary

Canadas headline inflation turned negative in April. On a year-on-year basis, consumer price inflation came in at -0.2 percent from +0.9 percent seen in March. Energy prices dropped 23.7 percent year-on-year, led by...

Bank of Thailand cuts policy rate by 25 bps, GDP growth likely to come in much weaker in Q2

May 20, 2020 15:02 pm UTC| Commentary Central Banks

The Bank of Thailand lowered its policy rate by 25 basis points to 0.50 percent, as was expected. The decision was not unanimous, with three of the seven members voting for a hold. The central banks assessment of growth...

U.K. headline inflation decelerates sharply in April, likely to remain below 1 pct in near-term

May 20, 2020 13:54 pm UTC| Commentary

U.K. headline inflation slowed down sharply in the month of April. On a year-on-year basis, the consumer price inflation decelerated to 0.8 percent in April from Marchs 1.5 percent, the lowest level since August 2016. The...