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2 days ago | 
rttnews.com | Renju Jaya
Singapore's industrial production expanded at the slowest pace in three months in May due to the notable slowdown in electronics output growth, the Economic Development Board reported Thursday. Industrial production logged an annual increase of 3.9 percent in May, which was slower than the 5.6 percent increase in April. Although, this was the weakest growth in three months, it was better than economists' forecast of 2.6 percent.
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2 days ago | 
rttnews.com | Renju Jaya
Consumer sentiment from Germany is the top economic news due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's consumer sentiment survey data. The forward looking consumer confidence index is forecast to rise to -19.1 in July from -19.9 in June. In the meantime, foreign trade from Sweden and unemployment from Norway are due.
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2 days ago | 
rttnews.com | Renju Jaya
South Korea's business confidence weakened slightly in July, survey data from the Bank of Korea showed on Thursday. The composite business sentiment index dropped to 89.4 in July from 89.5 in June. A score below 100 indicates pessimists outnumber optimists. The BSI for manufacturing rose to 93.4 from 93.1 in the prior month.
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3 days ago | 
rttnews.com | Renju Jaya
The Bank of Thailand maintained its interest rate on Wednesday as policymakers sees rising risks from US trade policies, geopolitical factors and domestic political conditions. The Monetary Policy Committee voted 6 to 1 to maintain the policy rate at 1.75 percent. One member sought a 25 basis-point cut to 1.50 percent. Previously, the bank had lowered the policy rate by 25 basis points each in April and February.
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3 days ago | 
rttnews.com | Renju Jaya
Spain's economic growth slowed in the first quarter, as estimated earlier, final data from the statistical office INE revealed on Wednesday. Gross domestic product grew 0.6 percent sequentially in the first quarter. The rate matched the initial estimate and was slower than the 0.7 percent growth posted in the preceding quarter. Moreover, this was the weakest expansion since the second quarter of 2023.
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3 days ago | 
rttnews.com | Renju Jaya
Europe's new car registrations increased in May as demand for plug-in hybrid cars grew sharply from the last year, the European Automobile Manufacturers' Association, or ACEA, reported Wednesday. New car sales increased 1.6 percent on a yearly basis in May, faster than the 1.3 percent rise in April. This was the second consecutive rise in registrations. The annual growth was largely driven by the 46.9 percent surge in plug-in hybrid car sales.
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3 days ago | 
rttnews.com | Renju Jaya
Australia's consumer price inflation softened more than expected in May, giving space for the central bank to lower its interest rate. The monthly Consumer Price Index indicator rose 2.1 percent year-on-year, following the 2.4 percent increase in April, the Australian Bureau of Statistics reported Wednesday. A similar lower rate was last seen in October 2024. Inflation was expected to drop marginally to 2.3 percent.
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3 days ago | 
rttnews.com | Renju Jaya
Consumer confidence from France and revised quarterly national accounts from Spain are the major reports due on Wednesday. At 2.45 am ET, France's statistical office INSEE is slated to issue consumer sentiment survey results. The confidence index is expected to rise to 89 in June from 88 in May. At 3.00 am ET, Spain's INE releases revised GDP and producer prices data.
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4 days ago | 
rttnews.com | Renju Jaya
UK manufacturers continued to register decline in new orders in June and output logged a steady pace of sharp decline, survey data from the Confederation of British Industry showed on Tuesday. The total order books balance fell to -33 percent in June from -30 percent in May, the latest monthly Industrial Trends Survey showed. At the same time, export orders dropped at slower pace with the indicator rising to -26 percent from -29 percent.
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4 days ago | 
rttnews.com | Renju Jaya
German business confidence rose to the highest level in 13 months in June driven by improving hopes that fiscal measures will underpin economic recovery, a closely watched survey showed on Tuesday. The business climate index registered 88.4 in June, up from 87.5 in May, the Munich-based ifo Institute revealed. This was the highest level since May 2024, when the reading was 88.9. The score was forecast to improve to 88.1. The German economy is slowly building confidence, the institute said.
