The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The RBA is expected to keep its benchmark lending rate steady at 4.35 percent. The Bank of Japan will also...
Homebuilder confidence has seen a modest deterioration in the month of June, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index dipped to 35 in June after jumping to 37 in May. Economists had expected the index to edge down to 36.
Bulgaria's consumer price inflation accelerated slightly less than estimated in May to the highest level in more than two-and-a-half years. The consumer price index, or CPI, climbed 6.9 percent year-over-year in May, faster than the 6.8 percent rise in April. The rise in inflation was largely driven by a 21.6 percent jump in transportation costs.
A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. in the month of May. The Fed said industrial production crept up by 0.1 percent in May after climbing by an upwardly revised 0.9 percent in April. Economists had expected industrial production to rise by 0.2 percent.
Slovakia's consumer price inflation softened slightly in May. Consumer prices rose 3.8 percent annually in May, following a 3.9 percent increase in April. Inflation based on food and non-alcoholic beverages eased to 0.3 percent from 1.0 percent. On the other hand, transport inflation was 9.4 percent, which was the highest growth in three-and-a-half years.
Switzerland's producer and import prices decreased for the first time in three months in May. The producer and import price index posted a monthly decrease of 0.4 percent in May, reversing a 0.8 percent increase in April. The falling trend in May was mainly driven by lower costs for pharmaceutical products, petroleum and natural gas, and electricity.
After posting strong growth last month, New York manufacturing activity increased modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plunged to 5.7 in June after jumping to 19.6 in May, although a positive reading still indicates growth.
A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. in the month of May. The Fed said industrial production crept up by 0.1 percent in May after climbing by an upwardly revised 0.9 percent in April. Economists had expected industrial...
Poland's consumer price inflation eased slightly in May from a 10-month high in the previous month as estimated earlier. The consumer price index climbed 3.1 percent year-over-year in May, slower than the 3.2 percent increase in April. The overall inflation in May was largely driven by a 5.6 percent growth in transport charges and a 5.0 percent spike in housing and utility costs.
Turkey's industrial production rebounded sharply in April on the back of a strong manufacturing sector. Industrial output advanced 6.0 percent yearly in April, reversing a 1.1 percent fall in March. Among sectors, manufacturing output recovered 6.8 percent from last year, while the decline in mining and production eased to 2.8 percent from 6.8 percent.
UK house prices posted their worst June performance in 14 years as competition to attract buyers remained fierce among sellers, the property website Rightmove said Monday. Average property prices declined 0.6 percent from May, which was the biggest June fall in fourteen years. This followed a 1.2 percent rise in May. On a yearly basis, house prices dropped 0.5 percent.
After posting strong growth last month, New York manufacturing activity increased modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plunged to 5.7 in June after jumping to 19.6...
Consumers in Switzerland remained slightly more negative in May. The consumer sentiment index dropped to -38.1 in April from -36.1 in the corresponding month last year. The score was expected to remain stable at -38. The sub-index measuring expected economic development worsened to -45.9 from -42.9, and the index for personal financial outlook dropped to -33.8 from -30.3.
Norway's foreign trade surplus increased sharply in May from a year ago as exports grew faster than imports. The trade surplus rose to NOK 62.6 billion in May from NOK 44.1 billion in the same month last year. Meanwhile, the surplus decreased from NOK 83.6 billion in April. Exports surged 15.2 percent annually in May, while imports were 2.6 percent higher.
India's wholesale price inflation accelerated further in May, largely driven by higher costs for crude oil caused by the impact of the Middle East war. The wholesale price index climbed 9.68 percent year-over-year in May, faster than the 8.26 percent rise in April, according to the revised series of WPI with a new base year 2022-23.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.