Forex News from InstaForex

NEW ZEALAND BUILDING PERMITS SURGE 17.9% IN MARCH

The total number of building permits issued in New Zealand spiked a seasonally adjusted 17.9 percent on month in March, Statistics New Zealand said on Thursday - coming in at 4,218.

That follows the 19.3 percent monthly contraction in February.

Permits were issued for 2,438 stand-alone houses, 1,243 townhouses, flats and units, 276 retirement village units and 261 apartments.

In the year to March, building permits climbed 9.1 percent at 41,028.

The annual value of non-residential building work consented was NZ$7.5 billion, up 5.3 percent from the March 2020 year.

News are provided by InstaForex
 
PHILIPPINES MARCH TRADE DEFICIT $2.412 BILLION

The Philippines posted a merchandise trade deficit of $2.412 billion in March, government data showed on Friday - following the $2.293 billion shortfall in February.

Exports surged 31.6 percent on year after slipping 2.3 percent in the previous month, while imports jumped an annual 16.6 percent after gaining 2.7 percent a month earlier.

The bureau also said that industrial production plummeted by 74.2 percent on year after sinking an upwardly revised 46.4 percent in February (originally down 46.5 percent).

News are provided by InstaForex
 
EUROPEAN ECONOMICS PREVIEW: UK HALIFAX HOUSE PRICE DATA DUE

Halifax house prices from the UK and investor confidence from euro area are due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway is scheduled to release consumer and producer price figures. Inflation is forecast to fall to 3 percent in April from 3.1 percent in March. In the meantime, foreign trade and consumer prices from Denmark are due.

At 3.30 am ET, UK Halifax house price data is due for April. Prices had increased 6.5 percent annually in three months to March.

At 4.30 am ET, Eurozone Sentix investor confidence data is due. The investor sentiment index is forecast to rise moderately to 14.0 in May from 13.1 in April.

Half an hour later, Greece industrial production figures are due for March.

News are provided by InstaForex
 
EUROPEAN ECONOMICS PREVIEW: GERMANY ZEW ECONOMIC CONFIDENCE DATA DUE

Economic confidence survey data from Germany is due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis releases Germany's wholesale prices for April. Prices had increased 4.4 percent annually in March.

At 3.00 am ET, consumer price figures are due from the Czech Republic and Hungary. The Czech inflation is forecast to rise to 2.7 percent in April from 2.3 percent in March.

Hungary's inflation is seen at 5 percent in April versus 3.7 percent in March.

At 4.00 am ET, Italy's statistical office Istat is scheduled to release industrial production for March. Economists forecast output to grow 0.4 percent on month, following a 0.2 percent rise in February.

At 5.00 am ET, Germany's ZEW economic confidence survey data is due. The economic sentiment index is seen at 72 in May versus 70.7 in April.

News are provided by InstaForex
 
JAPAN LEADING INDEX DATA DUE ON WEDNESDAY

Japan will on Wednesday release preliminary March figures for its leading and coincident economic indexes, highlighting a light day for Asia-Pacific economic activity. Their previous readings were 98.7 and 89.9, respectively.

South Korea will see April numbers for unemployment; in March, the jobless rate was 3.9 percent.

Australia will release March data for building permits, with forecasts suggesting an increase of 17.4 percent on month following the 20.1 percent jump in February.

News are provided by InstaForex
 
NEW ZEALAND FOOD PRICES JUMP 1.1% ON MONTH IN APRIL

Food prices in New Zealand climbed an unadjusted 1.1 percent on month in April, Statistics New Zealand said on Thursday; seasonally adjusted, food prices rose 0.7 percent.

Individually, fruit and vegetable prices rose 4.8 percent (up 3.4 percent after seasonal adjustment); meat, poultry, and fish prices rose 0.1 percent; grocery food prices rose 1.0 percent (up 1.0 percent after seasonal adjustment); non-alcoholic beverage prices fell 1.0 percent; and restaurant meals and ready-to-eat food prices rose 1.2 percent.

On a yearly basis, food prices gained 0.7 percent.

Individually, fruit and vegetable prices increased 6.0 percent; meat, poultry, and fish prices decreased 2.2 percent; grocery food prices decreased 1.3 percent; and non-alcoholic beverage prices decreased 3.4 percent.

News are provided by InstaForex
 
SOUTH KOREA EXPORT PRICES CLIMB 10.6% ON YEAR IN APRIL

Export prices in South Korea were up 10.6 percent on year in April, the Bank of Korea said on Friday - after rising 5.9 percent in the previous month.

Import prices spiked an annual 15.0 percent in April after climbing 9.0 percent a month earlier.

Individually, export prices for agricultural and marine products fell 4.2 percent on year and manufactured products jumped 10.7 percent.

Import prices for raw materials skyrocketed an annual 51.3 percent, while intermediate goods prices jumped 11.3 percent, capital goods fell 5.4 percent and consumer goods were down 4.2 percent.

On a monthly basis, export prices rose 2.2 percent and import prices fell 0.5 percent.

News are provided by InstaForex
 
THAI GDP FALLS AT SLOWER PACE IN Q1

Thailand's economy contracted at a slower pace in the first quarter, the National Economic and Social Development Council reported Monday.

Gross domestic product fell 2.6 percent year-on-year in the first quarter, following a 4.2 percent decrease in the fourth quarter. Economists had forecast an annual decline of 3.3 percent.

On a quarterly basis, growth eased sharply to 0.2 percent from 1.1 percent in the preceding quarter. However, the rate was better than the economists' forecast of -0.8 percent.

On the expenditure-side, private final consumption expenditure dropped 0.5 percent annually, while government spending grew 2.1 percent. Gross fixed capital formation increased sharply by 7.3 percent.

Goods and services balance recorded a deficit of THB 30.1 billion, comprising a surplus of THB 224.3 billion in trade balance and a deficit of THB 254.4 billion in service balance.

News are provided by InstaForex
 
JAPAN GROSS DOMESTIC PRODUCT -5.1% ANNUALIZED IN Q1

Japan's gross domestic product contracted an annualized 5.1 percent in the first quarter of 2021, the Cabinet Office said in Tuesday's preliminary report.

That missed expectations for a decline of 4.6 percent following the downwardly revised 11.6 percent increase in the previous three months (originally 11.7 percent).

On a quarterly basis, GDP sank 1.3 percent - again missing expectations for a drop of 1.2 percent following the 2.8 percent increase in the three months prior.

Capital expenditure was down 1.4 percent on quarter, shy of expectations for a gain of 1.1 percent following the 4.3 percent jump in the previous quarter.

News are provided by InstaForex
 
AUSTRALIA WAGE PRICE INDEX CLIMBS 0.6% IN Q1

The wage price index in Australia was up a seasonally adjusted 0.6 percent on quarter in the first three months of 2021, the Australian Bureau of Statistics said on Wednesday.

That exceeded expectations for 0.5 percent and was unchanged from the three months prior.

On a yearly basis, the WPI advanced 1.5 percent - beating forecasts for 1.4 percent, which would have been unchanged.

Wages in the private sector were up 0.6 percent on quarter and 1.4 percent on year, while public sector wages gained 0.4 percent on quarter and 1.5 percent on year.

News are provided by InstaForex
 
AUSTRALIA JOBLESS RATE FALLS TO 5.5% IN APRIL

The unemployment rate in Australia was a seasonally adjusted 5.5 percent in April, the Australian Bureau of Statistics said on Thursday.

That was beneath expectation for 5.6 percent and down from the upwardly revised 5.7 percent in March (originally 5.6 percent).

The Australian economy lost 30,600 jobs last month, well shy of expectations for a gain of 15,000 jobs following the addition of 70,700 jobs in March.

The participation rate fell to 66.0 percent, missing forecasts for 66.3 - which would have been unchanged from the previous month.

News are provided by InstaForex
 
EUROPEAN ECONOMICS PREVIEW: EUROZONE FLASH PMI DATA DUE

Flash Purchasing Managers' survey results from euro area and the UK are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics publishes UK retail sales data for April. Sales are forecast to grow 4.5 percent on month, slower than the 5.4 percent increase in March.

At 3.15 am ET, IHS Markit releases France flash PMI data for May. The composite output index is forecast to rise to 53.7 from 51.6 in the previous month. At 3.30 am ET, Germany's flash composite output survey results are due. The composite PMI is seen rising to 57.1 in May from 55.8 in the previous month.

At 4.00 am ET, IHS Markit is scheduled to publish Eurozone flash PMI data. The composite output index is expected to climb to 55.1 in May from 53.8 in the previous month.

In the meantime, Italy's industrial turnover data is due for March.

Half an hour later, UK Markit/CIPS flash composite PMI data is due. Economists forecast the composite index to remain unchanged at 60.0 in May.

News are provided by InstaForex
 
NEW ZEALAND RETAIL SALES CLIMB 2.5% ON QUARTER IN Q1

The total volume of retail sales in New Zealand was up a seasonally adjusted 2.5 percent on quarter in the first quarter of 2021, Statistics New Zealand said on Monday - following the upwardly revised 2.6 percent contraction in the three months prior (originally -2.7 percent).

By industry, the main movements were: electrical and electronic goods, up 8.4 percent; recreational goods, up 16 percent; hardware, building, and garden supplies, up 4.5 percent; and department stores, up 5.6 percent.

The total value of retail sales also was up 2.5 percent on quarter ($648 million).

On a yearly basis, sales rose 6.8 percent - accelerating from 4.8 percent in the three months prior.

News are provided by InstaForex
 
SINGAPORE GDP EXPANDS 1.3% ON YEAR IN Q1

Singapore's gross domestic product gained 1.3 percent on year in the first three months of 2021, the Ministry of Trade and Industry said on Tuesday.

That beat expectations for an increase of 0.9 percent following the 2.4 percent contraction in the fourth quarter of 2020.

On a seasonally adjusted quarterly basis, GDP rose 3.1 percent after climbing 3.8 percent in the three months prior.

Upon the release of the data, the MTI maintained its GDP growth forecast for 2021 at 4.0 to 6.0 percent.

News are provided by InstaForex
 
AUSTRALIA CONSTRUCTION WORK CLIMBS 2.4% IN Q1

The value of total construction work done in Australia was up a seasonally adjusted 2.4 percent on quarter in the first three months of 2021, the Australian Bureau of Statistics said on Wednesday - coming in at A$51.975 billion.

That beat expectations for an increase of 2.2 percent following the upwardly revised 0.4 percent increase in the three months prior (originally -0.9 percent).

Building construction was up 2.5 percent on quarter, while residential building gained 5.1 percent, non-residential building fell 1.6 percent and engineering rose 2.2 percent.

On a yearly basis, the value of total construction work fell 1.1 percent. Building construction was down 1.8 percent on year, while residential building gained 4.2 percent, non-residential building fell 10.4 percent and engineering eased 0.3 percent.

News are provided by InstaForex
 
EUROPEAN ECONOMICS PREVIEW: GERMANY GFK CONSUMER CONFIDENCE DATA DUE

Consumer confidence survey results from Germany and Italy are due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, German GfK consumer confidence survey results are due. The forward-looking consumer sentiment index is forecast to rise to -5.2 in June from -8.8 in May.

In the meantime, foreign trade figures for Switzerland are due.

At 3.00 am ET, the National Institute of Economic Research is slated to publish Sweden economic tendency survey data for May.

Half an hour later, Statistics Sweden is set to issue foreign trade figures for April. The trade surplus is seen at SEK 5.6 billion versus SEK 4.1 billion in March.

At 4.00 am ET, IHS Markit releases Austria's manufacturing Purchasing Managers' survey results.

In the meantime, business and consumer sentiment survey results are due from Italy. The consumer confidence indicator is seen rising to 104.4 in May from 102.3 in April. The business sentiment index is expected to climb to 106.4 from 105.4 a month ago.

News are provided by InstaForex
 
JAPAN JOBLESS RATE CLIMBS TO 2.8% IN APRIL

The unemployment rate in Japan came in at a seasonally adjusted 2.8 percent in April, the Ministry of Communications and Internal Affairs said on Friday.

That was above expectations for 2.7 percent and was up from 2.6 percent in March.

The job-to-applicant ratio was 1.09 - again missing forecasts for 1.10, which would have been unchanged from the previous month.

News are provided by InstaForex
 
AUSTRALIA PRIVATE SECTOR CREDIT GAINS 0.2% ON MONTH IN APRIL

Private sector credit in Australia was up 0.2 percent on month in April, the Reserve Bank of Australia said on Monday - slowing from the 1.0 percent gain in March.

On a yearly basis, credit gained 1.3 percent, accelerating from 0.4 percent in the previous month.

Housing credit was up 0.5 percent on month and 4.4 percent on year, while personal credit was flat on month and sank 7.8 percent on year and business credit fell 0.3 percent on month and 3.0 percent on year.

Broad money rose 0.2 percent on month and 6.8 percent on year.

News are provided by InstaForex
 
AUSSIE RETREATS AFTER RBA DECISION

As expected, the Reserve Bank of Australia left benchmark lending rate and the 3-year Australian Government bond yield target unchanged at 10 basis points. Following the announcement, the aussie pulled back from its early highs against its major rivals.

The aussie was trading at 84.83 against the yen, 1.5781 against the euro, 0.7747 against the greenback and 1.0641 against the kiwi around 12:35 am ET.

News are provided by InstaForex
 
EUROPEAN ECONOMICS PREVIEW: GERMANY RETAIL SALES DATA DUE

Retail sales from Germany and mortgage approvals from the UK are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales data for April. Economists forecast sales to fall 2 percent on month, following March's 7.7 percent increase.

At 3.00 am ET, Spain's monthly unemployment data is due from labor ministry.

At 4.30 am ET, the Bank of England is set to issue UK mortgage approvals figures for April. Approvals are forecast to rise to 84,980 from 82,735 in the previous month.

At 5.00 am ET, Eurostat releases euro area producer prices for April. Producer price inflation is forecast to rise to 7.3 percent from 4.3 percent in March.

News are provided by InstaForex
 
You must log in or register to reply here.
Back
Top