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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone construction output fell in April
On a MoM basis, the seasonally adjusted construction output recorded a drop of 0.20% in the Euro-zone, in April. In the prior month, construction output had dropped by a revised 1.00%.
German PPI fell less than expected in May
In May, the producer price index (PPI) fell 2.70% on a YoY basis in Germany, less than market expectations for a fall of 2.90%. The PPI had registered a drop of 3.10% in the previous month.
German PPI rose more than expected in May
In May, on a MoM basis, the PPI in Germany advanced 0.40%, compared to a rise of 0.10% in the previous month. Markets were expecting the PPI to advance 0.30%.
Spanish trade deficit slid in April
Spain has reported trade deficit of €0.64 billion in April, following a trade deficit of €0.76 billion in the previous month.
Canadian wholesale sales registered a rise in April
On a MoM basis, wholesale sales advanced 0.10% in April, in Canada. Wholesale sales had registered a revised drop of 0.80% in the previous month.
BoJ Minutes: Weak economic growth, wages, blamed for lower inflation forecast
The Bank of Japan’s (BoJ) April meeting minutes showed that the board members expressed doubts on its ability to attain the 2.0% sustained inflation goal. A few policymakers believed that that the central bank should continue to examine the risks faced by Japan from overseas economies and ease monetary policy without hesitation in future if needed. At the meeting, most members agreed that the BoJ could afford to take a wait-and-see stance because it would take time for negative interest rates and the debt purchasing programme to have an impact.
Japanese Tokyo department store sales recorded a drop in May
Tokyo department store sales slid 4.50% in Japan on a YoY basis, in May. In the prior month, Tokyo department store sales had registered a drop of 1.50%.
Japanese nationwide department store sales recorded a drop in May
In Japan, nationwide department store sales eased 5.10% in May on a YoY basis. Nationwide department store sales had dropped 3.80% in the previous month.
Japanese convenience store sales slid in May
On an annual basis, convenience store sales dropped 0.30% in May, in Japan. In the previous month, convenience store sales had recorded a rise of 0.90%.
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