Inflation rose to 3.2% in May, a fourth-straight increase and the highest level since September 2023. Source link
Category: Economy
Swiss Watch Exports Tumbled in April as U.S. Tariff Volatility Persists
Total exports in April were around 17% down compared with a year prior due to a pronounced decline in U.S.-bound shipments. Source link
Berkshire Hathaway’s $6.8 billion deal to acquire a major home builder reflects its conviction that the housing market will shake off its long slump and recover as it always has
Under its new chief executive, Greg Abel, Berkshire raises its bet on a market recovery by adding another housing company to its portfolio. Source link
South Korea Inflation Accelerated to 26-Month High in May
The benchmark consumer-price index rose 3.1% from a year earlier in May, reflecting the effects of higher oil prices amid Middle East tensions and the […]
Some 51% of U.S. adults feel financially “conflicted,” experiencing both stability and uncertainty, according to a new survey
In a poll, more than half of respondents consider themselves financially “conflicted.” Source link
U.S. Construction Spending Picked Up in April
Spending on building projects rose by 0.4% to an annualized pace of $2.172 trillion in April, versus $2.165 trillion in March, the Census Bureau said. […]
U.S. Factory Activity Expands in May
The Institute for Supply Management’s purchasing managers index was 54 last month, its highest reading since May 2022. Readings above 50 indicate sectoral expansion. Analysts […]
OECD Says 60% of Chinese Gains in Market Share Driven by Subsidies
Over the past two decades, Chinese businesses have received three to eight times more support than their competitors, according to the Paris-based research body. Source […]
Eurozone Unemployment Held Steady in April
The eurozone’s unemployment rate remained unchanged in April, demonstrating resilience despite heightened economic uncertainty due to from the war in Iran. Source link
Eurozone Household Inflation Expectations Steady, But at High Level
Inflation expectations steadied in April, but at a level that was much higher than before the war in the Middle East, likely underpinning expectations that […]