Argentina’s inflation is poised to spike once more in June after a short-lived dip in May, Reuters reports. Skyrocketing prices continue to squeeze the economy, fueled by currency instability and unyielding consumer demand
Browsing: May 2024
The UK economy contracted for the second consecutive month this May, raising fresh concerns about its growth outlook. Experts warn that ongoing challenges could seriously hinder future progress
German industrial output surged an impressive 1.2% in May, surpassing analyst predictions, Reuters reports. This unexpected boost showcases the remarkable resilience of Germany’s manufacturing sector despite persistent global economic headwinds
Australia’s CPI inflation slowed more than expected in May, easing pressure on the Reserve Bank and sparking renewed market optimism about potential rate cuts. Investors are now eagerly watching upcoming economic data for new clues
Japan’s corporate service inflation soared to 3.3% in May, driven by climbing costs in transportation and communications. This striking rise underscores ongoing price pressures that are reshaping the business landscape
Germany’s inflation rate held firm at 2.1% in May, reflecting steady consumer prices amid ongoing economic challenges. This encouraging data sparks cautious optimism for Europe’s largest economy. (NYSEARCA:EWG)
China’s factory activity stumbled in May, weighed down by rising US tariffs. This downturn underscores growing hurdles for the manufacturing sector amid ongoing trade tensions, Reuters reports