Economy : Page 852

Industrial producer prices down by 0.3% in euro area

June 3, 2016 In April 2016, compared with March 2016, industrial producer prices fell by 0.3% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat.

Pace of UK construction slows more than expected

June 3, 2016 The pace of UK construction slowed more than expected in May, with new orders down for the first time since April 2013 as many firms held off on placing orders until after the EU referendum.

U.S. weekly jobless claims edge down to 267,000

June 2, 2016 A day before the release of the closely watched monthly jobs report, the Labor Department reported a modest drop in first-time claims for U.S. unemployment benefits in the week ended May 28.

Brazilian industrial production edges higher in April

June 2, 2016 Industrial production in Brazil edged slightly higher in April, led by a second consecutive large jump in the output of capital goods, a key leading indicator for the rest of the economy.

Greece manufacturing activity worsens in May

June 2, 2016 Operating conditions for Greek manufacturers worsened further in May, survey results from Markit showed.

South Korea trade surplus widens in May

June 2, 2016 South Korea recorded a $7.10 billion trade surplus in May of 2016, compared to a $6.30 billion surplus a year earlier, as imports dropped more than exports, preliminary data showed.

Australian GDP grows 1.1% in Q1, net exports positive

June 2, 2016 Australian GDP expanded 1.1% in the March quarter of 2016, accelerating from an upwardly revised 0.7% growth in the previous quarter.

Switzerland GDP growth slows to 0.1% in Q1

June 2, 2016 Switzerland's economy grew by 0.1 percent in the first three months of 2016, as compared to a 0.4 percent expansion reported in the previous quarter.

China's manufacturing sector growth steady in May

June 2, 2016 China's manufacturing sector expansion remained steady in May, the third month of expansion in a row, official data showed.

U.S. construction spending shows sharp pullback in April

June 2, 2016 With spending on both private and public construction falling rather sharply, the Commerce Department released a report unexpectedly showing a steep drop in total U.S. construction spending in April.

Further declines in business investment in Canada

June 2, 2016 Canadian real gross domestic product (GDP) grew 0.6% in the first quarter, following an increase of 0.1% in the fourth quarter of 2015.

Eurozone manufacturing PMI in line with flash estimate

June 2, 2016 Markit's final Eurozone manufacturing purchasing managers' index came in at 51.5 in May, in line with the flash estimate but down a touch from April's 51.7.