Forex News from InstaForex

**InstaForex Gertrude** · 07-05-21, 07:50

PHILIPPINES MARCH TRADE DEFICIT $2.412 BILLION

The Philippines posted a merchandise trade deficit of $2.412 billion in March, government data showed on Friday - following the $2.293 billion shortfall in February.

Exports surged 31.6 percent on year after slipping 2.3 percent in the previous month, while imports jumped an annual 16.6 percent after gaining 2.7 percent a month earlier.

The bureau also said that industrial production plummeted by 74.2 percent on year after sinking an upwardly revised 46.4 percent in February (originally down 46.5 percent).

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**InstaForex Gertrude** · 10-05-21, 07:24

EUROPEAN ECONOMICS PREVIEW: UK HALIFAX HOUSE PRICE DATA DUE

Halifax house prices from the UK and investor confidence from euro area are due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway is scheduled to release consumer and producer price figures. Inflation is forecast to fall to 3 percent in April from 3.1 percent in March. In the meantime, foreign trade and consumer prices from Denmark are due.

At 3.30 am ET, UK Halifax house price data is due for April. Prices had increased 6.5 percent annually in three months to March.

At 4.30 am ET, Eurozone Sentix investor confidence data is due. The investor sentiment index is forecast to rise moderately to 14.0 in May from 13.1 in April.

Half an hour later, Greece industrial production figures are due for March.

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**InstaForex Gertrude** · 11-05-21, 07:45

EUROPEAN ECONOMICS PREVIEW: GERMANY ZEW ECONOMIC CONFIDENCE DATA DUE

Economic confidence survey data from Germany is due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis releases Germany's wholesale prices for April. Prices had increased 4.4 percent annually in March.

At 3.00 am ET, consumer price figures are due from the Czech Republic and Hungary. The Czech inflation is forecast to rise to 2.7 percent in April from 2.3 percent in March.

Hungary's inflation is seen at 5 percent in April versus 3.7 percent in March.

At 4.00 am ET, Italy's statistical office Istat is scheduled to release industrial production for March. Economists forecast output to grow 0.4 percent on month, following a 0.2 percent rise in February.

At 5.00 am ET, Germany's ZEW economic confidence survey data is due. The economic sentiment index is seen at 72 in May versus 70.7 in April.

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**InstaForex Gertrude** · 12-05-21, 08:08

JAPAN LEADING INDEX DATA DUE ON WEDNESDAY

Japan will on Wednesday release preliminary March figures for its leading and coincident economic indexes, highlighting a light day for Asia-Pacific economic activity. Their previous readings were 98.7 and 89.9, respectively.

South Korea will see April numbers for unemployment; in March, the jobless rate was 3.9 percent.

Australia will release March data for building permits, with forecasts suggesting an increase of 17.4 percent on month following the 20.1 percent jump in February.

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**InstaForex Gertrude** · 13-05-21, 08:28

NEW ZEALAND FOOD PRICES JUMP 1.1% ON MONTH IN APRIL

Food prices in New Zealand climbed an unadjusted 1.1 percent on month in April, Statistics New Zealand said on Thursday; seasonally adjusted, food prices rose 0.7 percent.

Individually, fruit and vegetable prices rose 4.8 percent (up 3.4 percent after seasonal adjustment); meat, poultry, and fish prices rose 0.1 percent; grocery food prices rose 1.0 percent (up 1.0 percent after seasonal adjustment); non-alcoholic beverage prices fell 1.0 percent; and restaurant meals and ready-to-eat food prices rose 1.2 percent.

On a yearly basis, food prices gained 0.7 percent.

Individually, fruit and vegetable prices increased 6.0 percent; meat, poultry, and fish prices decreased 2.2 percent; grocery food prices decreased 1.3 percent; and non-alcoholic beverage prices decreased 3.4 percent.

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**InstaForex Gertrude** · 17-05-21, 08:18

THAI GDP FALLS AT SLOWER PACE IN Q1

Thailand's economy contracted at a slower pace in the first quarter, the National Economic and Social Development Council reported Monday.

Gross domestic product fell 2.6 percent year-on-year in the first quarter, following a 4.2 percent decrease in the fourth quarter. Economists had forecast an annual decline of 3.3 percent.

On a quarterly basis, growth eased sharply to 0.2 percent from 1.1 percent in the preceding quarter. However, the rate was better than the economists' forecast of -0.8 percent.

On the expenditure-side, private final consumption expenditure dropped 0.5 percent annually, while government spending grew 2.1 percent. Gross fixed capital formation increased sharply by 7.3 percent.

Goods and services balance recorded a deficit of THB 30.1 billion, comprising a surplus of THB 224.3 billion in trade balance and a deficit of THB 254.4 billion in service balance.

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**InstaForex Gertrude** · 18-05-21, 08:41

JAPAN GROSS DOMESTIC PRODUCT -5.1% ANNUALIZED IN Q1

Japan's gross domestic product contracted an annualized 5.1 percent in the first quarter of 2021, the Cabinet Office said in Tuesday's preliminary report.

That missed expectations for a decline of 4.6 percent following the downwardly revised 11.6 percent increase in the previous three months (originally 11.7 percent).

On a quarterly basis, GDP sank 1.3 percent - again missing expectations for a drop of 1.2 percent following the 2.8 percent increase in the three months prior.

Capital expenditure was down 1.4 percent on quarter, shy of expectations for a gain of 1.1 percent following the 4.3 percent jump in the previous quarter.

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**InstaForex Gertrude** · 19-05-21, 07:27

AUSTRALIA WAGE PRICE INDEX CLIMBS 0.6% IN Q1

The wage price index in Australia was up a seasonally adjusted 0.6 percent on quarter in the first three months of 2021, the Australian Bureau of Statistics said on Wednesday.

That exceeded expectations for 0.5 percent and was unchanged from the three months prior.

On a yearly basis, the WPI advanced 1.5 percent - beating forecasts for 1.4 percent, which would have been unchanged.

Wages in the private sector were up 0.6 percent on quarter and 1.4 percent on year, while public sector wages gained 0.4 percent on quarter and 1.5 percent on year.

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**InstaForex Gertrude** · 20-05-21, 07:45

AUSTRALIA JOBLESS RATE FALLS TO 5.5% IN APRIL

The unemployment rate in Australia was a seasonally adjusted 5.5 percent in April, the Australian Bureau of Statistics said on Thursday.

That was beneath expectation for 5.6 percent and down from the upwardly revised 5.7 percent in March (originally 5.6 percent).

The Australian economy lost 30,600 jobs last month, well shy of expectations for a gain of 15,000 jobs following the addition of 70,700 jobs in March.

The participation rate fell to 66.0 percent, missing forecasts for 66.3 - which would have been unchanged from the previous month.

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**InstaForex Gertrude** · 21-05-21, 07:33

EUROPEAN ECONOMICS PREVIEW: EUROZONE FLASH PMI DATA DUE

Flash Purchasing Managers' survey results from euro area and the UK are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics publishes UK retail sales data for April. Sales are forecast to grow 4.5 percent on month, slower than the 5.4 percent increase in March.

At 3.15 am ET, IHS Markit releases France flash PMI data for May. The composite output index is forecast to rise to 53.7 from 51.6 in the previous month. At 3.30 am ET, Germany's flash composite output survey results are due. The composite PMI is seen rising to 57.1 in May from 55.8 in the previous month.

At 4.00 am ET, IHS Markit is scheduled to publish Eurozone flash PMI data. The composite output index is expected to climb to 55.1 in May from 53.8 in the previous month.

In the meantime, Italy's industrial turnover data is due for March.

Half an hour later, UK Markit/CIPS flash composite PMI data is due. Economists forecast the composite index to remain unchanged at 60.0 in May.

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**InstaForex Gertrude** · 24-05-21, 07:35

NEW ZEALAND RETAIL SALES CLIMB 2.5% ON QUARTER IN Q1

The total volume of retail sales in New Zealand was up a seasonally adjusted 2.5 percent on quarter in the first quarter of 2021, Statistics New Zealand said on Monday - following the upwardly revised 2.6 percent contraction in the three months prior (originally -2.7 percent).

By industry, the main movements were: electrical and electronic goods, up 8.4 percent; recreational goods, up 16 percent; hardware, building, and garden supplies, up 4.5 percent; and department stores, up 5.6 percent.

The total value of retail sales also was up 2.5 percent on quarter ($648 million).

On a yearly basis, sales rose 6.8 percent - accelerating from 4.8 percent in the three months prior.

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**InstaForex Gertrude** · 25-05-21, 07:39

SINGAPORE GDP EXPANDS 1.3% ON YEAR IN Q1

Singapore's gross domestic product gained 1.3 percent on year in the first three months of 2021, the Ministry of Trade and Industry said on Tuesday.

That beat expectations for an increase of 0.9 percent following the 2.4 percent contraction in the fourth quarter of 2020.

On a seasonally adjusted quarterly basis, GDP rose 3.1 percent after climbing 3.8 percent in the three months prior.

Upon the release of the data, the MTI maintained its GDP growth forecast for 2021 at 4.0 to 6.0 percent.

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**InstaForex Gertrude** · 26-05-21, 08:22

AUSTRALIA CONSTRUCTION WORK CLIMBS 2.4% IN Q1

The value of total construction work done in Australia was up a seasonally adjusted 2.4 percent on quarter in the first three months of 2021, the Australian Bureau of Statistics said on Wednesday - coming in at A$51.975 billion.

That beat expectations for an increase of 2.2 percent following the upwardly revised 0.4 percent increase in the three months prior (originally -0.9 percent).

Building construction was up 2.5 percent on quarter, while residential building gained 5.1 percent, non-residential building fell 1.6 percent and engineering rose 2.2 percent.

On a yearly basis, the value of total construction work fell 1.1 percent. Building construction was down 1.8 percent on year, while residential building gained 4.2 percent, non-residential building fell 10.4 percent and engineering eased 0.3 percent.

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**InstaForex Gertrude** · 27-05-21, 08:06

EUROPEAN ECONOMICS PREVIEW: GERMANY GFK CONSUMER CONFIDENCE DATA DUE

Consumer confidence survey results from Germany and Italy are due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, German GfK consumer confidence survey results are due. The forward-looking consumer sentiment index is forecast to rise to -5.2 in June from -8.8 in May.

In the meantime, foreign trade figures for Switzerland are due.

At 3.00 am ET, the National Institute of Economic Research is slated to publish Sweden economic tendency survey data for May.

Half an hour later, Statistics Sweden is set to issue foreign trade figures for April. The trade surplus is seen at SEK 5.6 billion versus SEK 4.1 billion in March.

At 4.00 am ET, IHS Markit releases Austria's manufacturing Purchasing Managers' survey results.

In the meantime, business and consumer sentiment survey results are due from Italy. The consumer confidence indicator is seen rising to 104.4 in May from 102.3 in April. The business sentiment index is expected to climb to 106.4 from 105.4 a month ago.

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**InstaForex Gertrude** · 28-05-21, 07:45

JAPAN JOBLESS RATE CLIMBS TO 2.8% IN APRIL

The unemployment rate in Japan came in at a seasonally adjusted 2.8 percent in April, the Ministry of Communications and Internal Affairs said on Friday.

That was above expectations for 2.7 percent and was up from 2.6 percent in March.

The job-to-applicant ratio was 1.09 - again missing forecasts for 1.10, which would have been unchanged from the previous month.

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**InstaForex Gertrude** · 03-06-21, 07:40

SINGAPORE PMI PICKS UP STEAM IN MAY - MARKIT

The private sector in Singapore continued to expand in May, and at a faster pace, the latest survey from Markit Economics showed on Thursday with a services PMI score of 54.4.

That's up from 51.8 in April and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Both manufacturing and services registered stronger performances in May, but the construction sector saw a sharp downturn. The finance and insurance sub-sector registered another rapid rate of expansion in activity.

The key domestic event that took place in May had been the reintroduction of Phase 2 restrictions mid-month. Some respondents noted an increase in output ahead of the setting of new restrictions contributing to the overall improvement of business activity. Foreign demand supported the increase in new orders, with renewed export growth in May following a marginal fall in April.

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**InstaForex Gertrude** · 04-06-21, 07:17

AUSTRALIA OVERALL HOME LOANS RISE 3.7% ON MONTH IN APRIL

The total value of overall home loans in Australia was up a seasonally adjusted 3.7 percent on month in April, the Australian Bureau of Statistics said on Friday - standing at A$31.0 billion.

The value of new loan commitments for owner occupier housing reached another all-time high in April, up 4.3 percent to A$23.0 billion. New loan commitments for investors rose 2.1 percent to A$8.1 billion, which was the highest level since mid-2017.

The rise in owner occupier lending was driven by increased loan commitments for existing dwellings, which rose 9.2 percent. Loan commitments to owner occupiers for the construction of new dwellings fell 11.4 percent following a fall of 14.8 percent in March.

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**InstaForex Gertrude** · 07-06-21, 07:34

AUSTRALIA PERFORMANCE OF SERVICES INDEX CLIMBS T0 61.2 IN MAY - AIG

The services sector in Australia continues to expand in May, and at a slightly faster pace, the latest survey from the Australian Industry Group revealed on Monday with a seasonally adjusted Performance of Services Index score of 61.2.

That's up from 61.0 in April, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

This was the highest monthly result in the Australian PSI? since October 2003.

Four of the five activity indicators - sales, new orders, employment and deliveries - showed positive results in the month.

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**InstaForex Gertrude** · 08-06-21, 07:47

EUROPEAN ECONOMICS PREVIEW: GERMANY INDUSTRIAL OUTPUT, ECONOMIC CONFIDENCE DUE

Industrial production and economic confidence from Germany are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production data for April. Economists forecast output to grow 0.5 percent on month, slower than the 2.5 percent increase in March.

At 2.45 am ET, foreign trade and current account figures are due from France.

At 3.00 am ET, industrial production from Hungary and retail sales from the Czech Republic are due. Economists forecast retail sales to grow 11.3 percent annually in April following a 6.6 percent rise in March.

Half an hour later, Statistics Sweden publishes industrial production and new orders data.

At 4.00 am ET, Italy's Istat releases retail sales for April. Sales had decreased 0.1 percent on month in March.

At 5.00 am ET, Germany ZEW economic confidence survey results are due. The economic confidence index is forecast to rise to 86.0 in June from 84.4 in May.

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**InstaForex Gertrude** · 09-06-21, 08:04

MALAYSIA JOBLESS RATE FALLS IN APRIL

Malaysia's unemployment rate fell marginally in April, data from the Department of Statistics showed on Wednesday.

The jobless rate fell to 4.6 percent in April from 4.7 percent in March.

The number of unemployed persons decreased to 742,700 in April from 753,200 in the previous month.

The number of employed rose by 0.1 percent monthly to 15.35 million in April from 15.33 million in the prior month.

The labor force participation rate remained unchanged at 68.6 percent in April.

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