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Dutch Retail Sales Drop In April

Dutch retail sales dropped in April, as demand slumped amid a lockdown in the country to slow the spread of the coronavirus, or Covid-19, figures from the Central Bureau of Statistics showed on Friday. Retail sales declined 1.5 percent year-on-year in April, after a 3.3 percent increase in March. The measures against the spread of coronavirus disease had a diverse effect on the non-food sector, the agency said. Sales of non-food decreased a record 15.8 percent in April, while sales in food stores rose 6.1 percent. Clothing and footwear sales fell at an accelerated pace. Do-it-yourself segment sales logged a record gain in April, in line with the March trend. Online sales gained 62.4 percent compared to the same month last year. The retail sales volume decreased 3.5 percent in April. The material has been provided by InstaForex Company – www.instaforex.com…

Malaysia Producer Prices Decline At Faster Pace In April

Malaysia’s producer prices declined at a faster rate in April, figures from the Department of Statistics showed on Friday. The producer price index fell 5.1 percent year-on-year in April, following a 1.9 percent decrease in March. Prices fell for the second straight month. The statistical office said this was the lowest rate of change recorded since November 2015. Among sectors, prices of mining declined 58.3 percent annually in April and water supply decreased 1.0 percent. Meanwhile, prices for agriculture, forestry and fishing grew 8.7 percent. Prices for electricity and gas supply, and manufacturing increased 0.2 percent and 0.1 percent, respectively. On a month-on-month basis, producer prices declined 2.7 percent in April, following a 3.0 percent fall in the preceding month. The material has been provided by InstaForex Company – www.instaforex.com…

European Economics Preview: Eurozone Flash Inflation Data Due

Flash consumer prices from euro area and retail sales from Germany are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany’s retail sales and import price data. Economists forecast retail sales to fall 14.3 percent on year in April, much bigger than the 2.8 percent drop reported in March. In the meantime, UK Nationwide house price data is due. House prices are forecast to rise 2.8 percent annually in May after climbing 3.7 percent in April. At 2.45 am ET, flash consumer prices, final GDP, producer prices and household consumption reports are due from France. Consumer price inflation is seen unchanged at 0.3 percent in May. At 3.00 am ET, GDP figures are due from Austria, Hungary and Turkey. Turkey’s economy is expected to grow 5.4 percent on year in the first quarter, slower than the 6 percent expansion seen in the fourth quarter of 2019. Half an hour later, Statistics Sweden releases GDP, foreign trade and household lending data. The economy is forecast to grow 2.2 percent on a yearly basis in the first quarter. At 4.00 am ET, Italy’s Istat releases revised GDP data…

Australia Private Sector Credit Steady In April

Private sector credit in Australia was flat on month in April, the Reserve Bank of Australia said on Friday – following the 1.1 percent increase in March. On a yearly basis, credit rose 3.6 percent – unchanged from the March reading. Housing credit was up 0.2 percent on month and 3.1 percent on year, while personal credit dropped 3.0 percent on month and 9.3 percent on year and business credit added 0.1 percent on month and 6.7 percent on year. Broad money gained 2.9 percent on month and 9.3 percent on year. The material has been provided by InstaForex Company – www.instaforex.com…

*Australia Private Sector Credit Flat On Month, +3.6% On Year In April

Australia Private Sector Credit Flat On Month, +3.6% On Year In April The material has been provided by InstaForex Company – www.instaforex.com…

South Korea Industrial Production Falls 6.0% In April

Industrial output in South Korea dropped a seasonally adjusted 6.0 percent on month in April, Statistics Korea said on Friday. That missed expectations for a decline of 3.2 percent following the 4.6 percent increase in March. On a yearly basis, industrial production sank 4.5 percent – again missing forecasts for a fall of 2.2 percent after rising 7.1 percent in the previous month. The Index of All Industry Production was down 2.5 percent on month and 5.0 percent on year. The Manufacturing Production Index in April fell 6.4 percent on month and 4.7 percent on year. The Manufacturing Shipment Index lost 7.2 percent on month and 7.3 percent on year. The Manufacturing Inventory Index eased 0.4 percent on month but added 2.5 percent on year. The Production Capacity Index in April eased 0.1 percent on month but climbed.8 percent on year. The Index of Capacity Utilization Rate dropped 7.7 percent on month and 8.5 percent on year. The Manufacturing Average Capacity Utilization Rate in April was 68.6 percent, down 5.7 percentage points from the previous month. The Index of Services gained 0.5 percent on month but lost 6.1 percent on year. The Retail Sales Index added 5.3 percent on month…

Japan Jobless Rate Climbs To 2.6% In April

The unemployment rate in Japan came in at a seasonally adjusted 2.6 percent in April, the Ministry of Internal Affairs and Communications said on Friday. That was beneath expectations for 2.7 percent but was up from 2.5 percent in March. The jobs to applicant ratio fell to 1.32, missing forecasts for 1.33 and down from 1.39 in the previous month. The number of employed persons in April was 66.28 million, a decrease of 800,000 from the previous year. The number of unemployed persons in April was 1.89 million, an increase of 130,000 from a year earlier. The material has been provided by InstaForex Company – www.instaforex.com…

*South Korea Industrial Production -6.0% On Month, -4.5% On Year In April

South Korea Industrial Production -6.0% On Month, -4.5% On Year In April The material has been provided by InstaForex Company – www.instaforex.com…

Japan Data To Be Released On Friday

Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are April figures for unemployment, industrial production, retail sales and housing starts, plus May figures for consumer confidence and Tokyo inflation. The jobless rate is expected to rise to 2.7 percent from 2.5 percent in March. Industrial production is tipped to fall 5.1 percent on month and 7.3 percent on year after sliding 3.7 percent on month and 5.2 percent on year in the previous month. Retail sales are expected to sink 6.6 percent on month and 11.5 percent on year after dropping 4.5 percent on month and 4.6 percent on year a month earlier. Housing starts are tipped to tumbled an annual 12.1 percent after falling 7.6 percent in March. Overall Tokyo inflation is called flat on year after adding 0.2 percent in April, while core CPI is tipped to fall 0.2 percent on year after easing 0.1 percent in the previous month. The consumer confidence index had a score of 21.6 in April. South Korea will provide April data for industrial production and retail sales. Industrial production is tipped to fall3.2 percent on month and 0.5 percent…