The China’s manufacturing PMI has improved more than two points in May, rising to 48.1 from 46 in April, equaling the level of March. The result has also improved the 47 points expected by the market, although it remains for the third consecutive month in contraction territory, below 50. Survey data for May signaled a […]
Tag: Economic Indicator
US: Initial jobless claims fall more than expected to 210,000
Initial jobless claims fall to 210,000. Continued orders rise from 1969 lows to 1,346,000. The dollar is not impacted by the data. The United States Department of Labor reported that initial claims for unemployment benefits they fell by 8,000 in the week ended May 21 to 210,000, below the 210,000 market consensus. The continued claims […]
USA: Economy contracts at a rate of 1.5% in the first quarter, worse than expected
New GDP growth estimate for the first quarter revises figures downwards. Activity contracted 1.5% (annualized) instead of the 1.4% previously reported. The dollar loses ground after the data, but then recovers. The economy of USA it contracted in the first quarter at a 1.5% pace, instead of the 1.3% market consensus and worse than the […]
Germany: Annual GDP grows 3.8% in the first quarter vs. 3.7% expected
The Gross Domestic Product (GDP) of Germany for the first quarter of 2022 grew by 3.8% in its annualized reading, above the 3.7% expected and 1.8% in the last third of 2021. This is the best growth figure seen by the indicator since the second quarter of last year. Quarter-on-quarter GDP rose 0.2%, meeting expectations, […]
US: S&P Global Integrated PMI falls more than expected in May to four-month lows
In line with Europeans, US PMIs fall more than expected. Integrated S&P Global PMI at four-month lows. The dollar falls after the economic figures. The S&P Global PMI activity report showed data below expectations in May, according to preliminary figures. The integrated index fell from 56 to 53.8, below the 55.5 market consensus. It is […]
Germany: Preliminary manufacturing PMI rises by surprise to 54.7 in May
The index S&P Global Manufacturing PMI for Germany is up a tenth in May, standing at 54.7 compared to 54.6 in April, marking a two-month high. The result improves the 54 points expected by the market consensus. The Preliminary services PMI has retreated to 56.3, minimum of two months, after marking 57.6 the previous month. […]
UK retail sales yoy fall less than expected in April, GBP/USD rises to daily highs near 1.2500
The UK retail sales fell 4.9% year-on-year in April, moderating the estimated 7.2% decline. This is the first drop after three consecutive months of increases and the biggest drop seen since January 2021. The March figure was positively revised, going from +0.9% to +1.3%. Monthly retail sales grew 1.4%, improving the -0.2% expected and -1.2% […]
US: Initial jobless claims rise to highest since late January
Mixed data on requests for unemployment benefits. Initial orders at maximum in months, continued at historical lows. The dollar remains weak in the market. The Department of Labor reported that initial claims for unemployment benefits they increased by 21,000 in the week ending May 14 to 218,000, higher than the expected 200,000 and the highest […]
Australia creates 4,000 jobs in April vs. 30,000 expected
Australia created 4,000 jobs during the month of April, a figure much lower than the 30,000 expected. March data has been revised upwards from 17,900 to 20,300. April’s is the lowest number of job creation since last October, when 56,000 jobs were destroyed. The Australian unemployment rate has stood at 3.9%, as expected. The data […]
Eurozone: Annual inflation remains at 7.4% in April compared to the estimated 7.5%
The Interannual Consumer Price Index (CPI) for the euro zone remained at 7.4% in April, equaling the March figure. The result is one tenth below the 7.5% expected by the market consensus, according to Eurostat. Monthly inflation has met expectations and has fallen to 0.6% from 2.4% previously, reaching its lowest level since January. The […]
