May’s stronger-than-expected services activity in China signals improving domestic demand amid economic recovery efforts. China’s Services Purchasing Managers’ Index climbed to 54.4 in May from April’s 52.6, exceeding market expectations of 52.3. The rise indicates acceler
May PMI at 54.4 signals robust expansion, outpacing expectations and contrasting with regional stagnation amid energy pressures. China’s services sector expanded at its fastest pace in three months in May, with the PMI rising to 54.4 from 52.6 in April. The increase surpas
Australia's Q1 2026 GDP grows 0.3% q/q and 2.5% y/y Australia's economic growth slowed in the first quarter of 2026, with GDP increasing 0.3% from the previous quarter and 2.5% from the same period last year. The country's services PMI fell to 48.7 in May, down from
UOB forecasts China’s second-quarter GDP growth at 4.7%, down from 5.0% in 1Q26, citing soft manufacturing and modest services rebound. China’s GDP growth is expected to slow to 4.7% year-on-year in the second quarter of 2026, down from 5.0% in the first quarter, as manufa
Australia’s Q1 GDP growth likely undershot expectations at 0.3% QoQ and 2.4% YoY, while China’s private services PMI data looms. Australia’s first-quarter GDP growth is expected to come in below earlier forecasts, with estimates revised down to 0.3% quarter-on-quarter and
The conflict in Iran has had a profound impact on the global economy, sending energy prices soaring. In the UK, signs of the inflationary impact of the shock have already emerged, raising important questions about how it may propagate over time In this speech, Megan
Prior was 6.866 million Hires vs 5.60 million prior Separations 5.4 million prior Quits vs 3.17 million prior Vacancy rate vs 4.2% prior Layoffs and discharges vs 1.9 million prior For background, the Job Openings and Labor Turnover Survey (JOLTS), published monthly by the U.S.</
The Canadian economy continues to show signs of slowing. Business investment remains weak, unemployment has moved higher, and overall growth is hovering near stall speed At the same time, inflation pressures have reemerged, driven largely by higher energy prices and
Cleveland Fed President Beth Hammack is a hawk and has been consistent in that thinking since last summer. With her latest comments she underscores the worries about inflation that won't be going away if the Strait of Hormuz remains blocked and AI super-spending continues:
India’s inflation is set to accelerate to 4.8% in the fiscal year 2027, if oil prices average $90 per barrel through March next year, Indian wealth and asset manager 360 ONE Capital said in a report on Tuesday. “Our revised base case assumes de-escalation by mid-June, with crude...</stron
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