Germany’s April unemployment rate fell to 6.10%, the lowest since record keeping started in 1992. Australia’s current account deficit points to a better GDP report due for release tomorrow. Canada’s GDP was mixed, falling on a month over month basis, but posting the strong gains in the first quarter.

Today’s Economic events

  • Japan household spending y/y -0.40% vs. -1.30%
  • Japan unemployment rate 3.20% vs. 3.20%
  • Japan preliminary industrial production m/m 0.30% vs. -1.40%
  • New Zealand ANZ business confidence 11.3 vs. 6.2 previously
  • Australia building approvals m/m 3.0% vs. -3.10%
  • Australia current account -20.8 billion vs. -19.3 billion
  • Australia private sector credit m/m 0.50% vs. 0.50%
  • Japan housing starts y/y 9.0% vs. 3.90%
  • German retail sales m/m -0.90% vs. 1.0%
  • France preliminary CPI m/m 0.40% vs. 0.30%
  • Germany unemployment change -11k vs. -4k
  • Germany unemployment rate 6.10%
  • Eurozone M3 money supply y/y 4.60% vs. 5.0%
  • Eurozone private loans y/y 1.50% vs. 1.50%
  • Eurozone flash CPI estimates y/y -0.10% vs. -0.10%; Core CPI y/y 080% vs. 0.80%
  • Eurozone unemployment rate 10.20% vs. 10.20%
  • Canada GDP m/m -0.20% vs. -0.10%
  • US Core PCE price index m/m 0.20% vs. 0.20%
  • US personal spending m/m 1.0% vs. 0.70%; personal income m/m 0.40% vs. 0.40%

    • Coming up

  • US S&P/CS Composite-20 HPI
  • US Chicago PMI
  • US CB consumer confidence
  • New Zealand overseas trade index

    • Japan unemployment rate steady at 3.20%

    The unemployment rate in Japan was steady at 3.20% for the second month after a brief increase to 3.30% in February. Job availability held near 24-year lows with signs that the labor market remains tight. Japan’s unemployment rate has remained the lone bright spot with inflation and household spending staying weak. Today’s Asian trading session was busy with lots of data coming out of Japan. Housing starts data released earlier today showed the fastest pace of expansion in the 10 months to April, rising 9% on a year over year basis in April and marking the biggest jump since June 2015. Economists were expecting to see a 4.10% growth after an 8.40% increase in March.

    Print Friendly, PDF & Email

    Related Posts