BERLIN, May 31 Reuters German unemployment fell in May, Labour Office figures showed on Tuesday, as trade and services benefited from the end of pandemic restrictions in Europe39;s biggest economy despite the war in Ukraine and supply bottlenecks. The Federal Labour Office said the number of people out of work fell by 4,000 in seasonally […]

Net exports takes large 1.7 ppt off Q1 GDP But govt spending and inventories boost growth Makes for uncertainty over GDP data on Wednesday SYDNEY, May 31 Reuters A surge in Australia39;s imports in the first quarter and surprising strength in government spending and inventories have added to uncertainty over this week39;s reading on gross […]

April exports 6.6 yy; trade surplus at 1.1 bln April current acc deficit at 3.4 bln, biggest in 9 yrs weak baht moving in line with regional peers BANGKOK, May 31 Reuters Thailand39;s economic activity in May showed gradual improvement as concerns about the pandemic receded and restrictions eased, the central bank said on Tuesday. […]

BEIJING, May 31 Reuters China39;s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemicravaged economy, adding it will inspect how provincial governments implement them. The stimulus package, which was flagged by China39;s State Council in a routine meeting last week, underscores Beijing39;s shift toward […]

French Q1 GDP revised to 0.2 QQ from 0.0 Consumer spending fell unexpectedly in April Inflation hit a record 5.8 in May PARIS, May 31 Reuters France39;s economy shrank unexpectedly in the first quarter as consumers struggled to cope with surging inflation, official data showed on Tuesday, putting pressure on President Emmanuel Macron heading into […]

ZURICH, May 31 Reuters Switzerland39;s economic upswing is expected to ease this year as higher inflation, the war in Ukraine and renewed Chinese lockdowns slow the postpandemic recovery that generated 0.4 growth in the first quarter, the government said on Tuesday. Rising prices are proving a drag on many European economies as they reduce disposable […]

LONDON, May 30 Reuters Britain39;s cheapest brands of pasta and bread have surged in price over the past year, but overall the cost of lowerpriced food and drink staples has risen at a similar pace to average prices, the Office for National Statistics said. Antipoverty campaigners have pointed to sharp price rises in the cheapest […]

  TOKYO, May 30 Reuters Japan39;s economy will grow at a weaker rate than previously thought this quarter despite hopes for a strong rebound in consumption after showing resilience in the three months through March, a Reuters poll of economists showed. The world39;s thirdlargest economy is at risk of being hobbled by slowing economic growth […]

SHANGHAI, May 30 Reuters China is using the digital yuan to stimulate consumption in its pandemichit economy, with more eCNY applications expected in future to boost transparency and effectiveness of government policies. The southern city of Shenzhen started distributing 30 million yuan 4.50 million worth of free digital cash on Monday to revive consumption and […]

LONDON, May 30 Reuters British wholesale gas prices rose on Monday as cooler and less windier weather raised demand for heating and power consumption, while the European prices rose modestly as concerns over Russian gas disruption are easing. British gas contract for next day delivery rose by 18 pence to 158.00 pence per therm by […]