Eurozone final CPI revised down to 0.3% MoM in May
Eurozone inflation arrives at 2.0% YoY in May. Monthly CPI in the bloc rises by
SNB: GDP grows strongly in the near term and unemployment declines
The Swiss National Bank (SNB) offered an upbeat outlook on the economy in its Financial
US: Housing Starts rise by 3.6% in May, Building Permits decline by 3.6%
Housing Starts in US rebounded following April's sharp decline. US Dollar Index extends sideways grind
Canada: Annual CPI rises to 3.6% in May vs. 3.5% expected
Annual CPI in Canada continued to rise in May. USD/CAD fluctuates in a relatively tight
UK annualized CPI beats estimates with 2.1% in May, GBP/USD tests 1.4100
UK CPI rises by 2.1% YoY in May vs. +1.8% expected. Monthly UK CPI arrives
China’s NBS: Foundation for domestic economic recovery is not yet consolidated
Following the release of the May activity numbers, China’s National Bureau of Statistics (NBS) released a statement,
China’s May data dump: Retail Sales and Industrial Output miss estimates
China’s May Retail Sales YoY, the number arrived at +12.4% vs. +13.6% expected and +17.7% last,
German IFO institute cuts 2022 GDP growth forecast to 3.3% from 3.7% previous
German IFO institute cut the country’s 2021 GDP growth forecast to 3.3% from 3.7% previous
US: Annual PPI rises to 6.6% in May vs. 6.3% expected
Annual PPI in US rose more than expected in May. US Dollar Index stays in
US: NY Empire State Manufacturing Index drops to 17.4 in June vs. 22 expected
NY Empire State Manufacturing Index came in lower than expected in June. US Dollar Index