New Zealand's retail sales increased 0.9% in Q1 New Zealand's retail sales, a key measure of consumer spending, climbed 0.9% quarter-over-quarter in the first quarter of 2026. The increase surpassed the expected 0.5% rise. This growth matches the previous q
First-quarter consumer spending in New Zealand rose more than expected, signaling resilient domestic demand amid economic uncertainty. New Zealand’s retail sales increased 0.9% quarter-on-quarter in Q1 2026, exceeding the 0.5% consensus forecast. The gain matched the prior
Bank of America data shows small business profitability fell 1.3% in April, the weakest in two years, amid rising fuel and shipping expenses. Small business profitability declined 1.3% year-over-year in April, marking the weakest reading in two years, according to Bank of
Quick Read - NVIDIA’s (NVDA) data center revenue hit $75.25 billion in Q1, up 92% year-over-year, as the AI infrastructure boom drives demand for expensive chips. - Producer prices for semiconductors are now climbing instead of falling, potentially ending the deflationary...
Chicago Fed President Goolsbee signals persistent inflation concerns, hinting at a potential shift in monetary policy stance. Chicago Federal Reserve President Austan Goolsbee described inflation as a "pretty significant problem," emphasizing the Fed’s focus on its dual ma
May’s services sector growth slowed slightly below expectations, while manufacturing outperformed estimates, per flash PMI data. US flash services PMI fell to 50.9 in May, below the 51.1 forecast, signaling a modest slowdown in sector growth. Manufacturing PMI rose to 55.3
the number of US citizens submitting new applications for unemployment insurance increased to 209K for the week ending May 16. According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemp
Weekly initial claims fell by 3K, undershooting economist estimates and signaling continued labor market strength. US initial jobless claims declined by 3K to 209K for the week ended May 16, missing the 213K consensus forecast. The prior week’s figure was revised upward to
Prior week 211K Initial jobless claim xxxK vs 210K estimate. 4-week moving average xxx.xxK vs 203.75K Continueing claims x.xxM vs 1.785M estimate 4-week MA of continuing claims The weekly US jobless claims reports are released by the United States Department of Labor every...
Prior was 1.502m Building permits 1.442m vs 1.385m expected Prior 1.363m For background, the New Residential Construction report, published jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, is the most widely watched gauge of U.S. homeb
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