In U.S. economic news, import prices excluding oil for June rose 0.1%, coming in ahead of last month’s flat reading, while export prices excluding agriculture for the same month reported a flat reading, rising from the upwardly-revised 0.4% decrease seen in May. Elsewhere, Spain’s trade deficit climbed to EUR 1.43 billion for the month of May from EUR 0.94 billion reported in the prior-year period. Finally, Japan announced a merchandise trade surplus of ¥439.907 billion in June, down 35.9% on year and below expectations for a surplus of ¥488.0 billion following the ¥204.2 billion deficit in May.
In U.S. economic news, retail sales for May fell 0.3%, reversing course from last month’s 0.4% gain, and coming in lower than estimates of a 0.1% increase. Elsewhere, U.K. retail sales including auto fuel for May fell 1.2% month-on-month, reversing the 2.5% increase in April, and below economists’ estimates of of a 0.8% decline. Finally, GDP in New Zealand increased 0.5% on quarter in the first-quarter of 2017.
In U.S. economic news, personal income for the month of April rose 0.4%, up from the prior month’s 0.2% jump and matching consensus predictions. In labor news, the unemployment rate for May came in at 4.3%, falling from 4.4% in April, and below economists’ expectations of 4.4%. Elsewhere, Eurozone PPI increased 4.3% year-over-year in the month of April, gaining speed from the 3.9% increase seen in the prior month, yet missing economists’ estimates of a 4.5% gain. Finally, Japan’s consumer sentiment improved in May to 43.6 from 43.2 in April, slightly above economists’ expectations of 43.5.
In U.S. economic news, import prices excluding oil rose 0.3% in April, gaining from the prior period’s 0.2% increase, while export prices excluding agriculture expanded 0.1%, matching the prior month’s gain. Elsewhere, German GDP growth was recorded as a 0.6% quarterly increase in the first quarter, higher than the 0.4% increase seen in the prior quarter, and in-line with consensus estimates. Finally, China’s exports grew 8.0% in April from the prior year, however, failed to meet the anticipated growth of 11.3% and March’s 16.4% increase.
In U.S. economic news, personal spending for March remained flat, matching the prior month and falling short of projections of 0.1% increase. Meanwhile, Germany’s unemployment rate fell a seasonally-adjusted 15,000 to 2.453 million in April, higher than economists’ estimated decline of 11,000. Elsewhere, Hong Kong’s retail sales increased 3.1% year-over-year in March, reversing from a 5.8% decline in February, and ahead of economists’ expectations of a 0.9% drop.
In U.S. economic news, GDP-adv. for the first quarter expanded 0.7%, below the prior quarter’s 2.1% increase, and short of consensus estimates of a 1.1% increase. Additionally, the GDP chain deflator-adv. for the first quarter rose 2.3%, slightly above both the 2.1% increase projected by economists and seen in the previous quarter. Elsewhere, euozone inflation grew to 1.9% in April, above the 1.5% reported in March, and surpassing economists’ estimates of 1.8%. Finally, Japan’s Core CPI rose 0.2% in March, unchanged from the previous month, and matching analysts’ forecasts.
In U.S. economic news, leading indicators for March grew 0.4%, below the downwardly-revised 0.5% uptick reported in February, and coming in above economists’ estimates of a 0.3% expansion. Elsewhere, industrial production increased 0.5% in March, above the upwardly-revised 0.1% gain seen in February, and besting consensus estimates of 0.4% growth. The Eurozone current account surplus increased to a record high in February, surging to a seasonally-adjusted €37.9 billion, up dramatically from €26.1 billion in January. Finally, Japan’s tertiary activity index rose 0.2% month-over-month in February, reversing course from a 0.2% drop in January, but below economists’ expectations of a 0.3% increase.
In U.S. economic, PPI in March fell 0.1% from the prior month’s 0.3% expansion, and below consensus estimates of a flat reading. Additionally, core PPI for March came in flat, below the 0.3% gain seen in February, and missing economists’ estimates of a 0.2% jump. Elsewhere, U.K. jobless rate remained unchanged at 4.7% for the three months to February, the lowest the reading has been since 1975. Finally, core machine orders in Japan increased a seasonally adjusted 1.5% on month in February, falling short of estimates of a 3.6% gain but coming in ahead of January’s 3.2% decline.
In U.S. economic news, factory orders for February increased 1.0%, below the upwardly-revised 1.5% gain reported in January, but beating consensus estimates of a 0.9% increase. Elsewhere, Germany’s industrial output expanded 2.2% for the month of February, matching January’s report, and above economists’ estimates of a 0.2% decline. Lastly, Japan’s consumer confidence index jumped to 43.9 in March from 43.2 in February, and topped economists’ expectations of a reading of 43.4.
In U.S. economic news, the third estimate for fourth-quarter GDP was reported as an expansion of 2.1%, higher than the prior-period’s 1.9% expansion, and above predictions of a 2.0% increase. Elsewhere, Germany’s unemployment rate came in at an adjusted 3.9% for the month of February, matching that of January’s, yet the rate declined from 4.3% in February 2016. Finally, Japan’s consumer price inflation edged up 0.3% on year in February, coming in below January’s 0.4% increase and topping expectations of a 0.2% rise.