Eurozone economy struggles to pick up momentum in June, GDP likely to have slowed in Q2

Jul 05, 2016 11:43 am UTC| Insights & Views Economy Commentary

The eurozone economy failed to gain momentum in June. Markits PMI reading for June released earlier on Tuesday showed that the continents composite data - a mix of both services and manufacturing - hit 53.1 in June, up...

Eurozone May retail sales post highest monthly gain this year, in sync with consensus

Jul 05, 2016 11:43 am UTC| Commentary Economy

Retail sales in the euro zone during the month of May rose, posting the highest monthly gain this year. However, the figure remained largely in line with expectations, government data showed. Retail sales, a proxy for...

Euro area economic output remains stable in June; service sector growth slows

Jul 05, 2016 10:54 am UTC| Commentary Economy

Economic output of the euro area remained steady at a moderate pace in June. The final Markit Eurozone PMI Composite Output Index came in at 53.1 in June, unchanged from May. Thus the average reading for the headline...

UK’s service sector activity growth weakens in June

Jul 05, 2016 10:42 am UTC| Commentary Economy

UKs service sector activity growth weakened in June, based on the latest PMI survey data. The seasonally adjusted Markit/CIPS UK Services Business Activity Index dropped to 52.3 in June from Mays 53.5, matching Aprils...

Taiwan consumer prices tick higher in June owing to sharp jump in fruit prices

Jul 05, 2016 10:33 am UTC| Commentary Economy

Consumer price inflation in Taiwan rose in Juneowing to asharp rise in fruit prices, which soared due to two consecutive dramatic typhoons last year and a cold wave early this year. Natural calamities shook the...

US June non-farm payrolls likely to rise, jobs growth expected to remain modest

Jul 05, 2016 10:22 am UTC| Commentary Economy

The United States June non-farm payroll is expected to rise, with growth in jobs remaining on a modest scale. Non-farm payrolls is expected to have increased 150,000 in June, which is a little lower than consensus at...

Swedish industrial production falls in May marking downturn in manufacturing sector

Jul 05, 2016 09:19 am UTC| Commentary Economy

Swedens industrial production dropped in May, implying a sluggish development in the nations manufacturing sector. According to Statistics Sweden, industrial production fell 0.8 percent month-on-month in May, as compared...