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China retail sales down by 6.7% y/y in May 2022
Retail sales declined by 11.1% y/y in April
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India’s policy rate climbs to 4.9% p.a. as Monetary Policy Committee hikes rate
The decision comes on the back of a multi-decadal high global inflation
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CEIC Leading Indicator for the US drops sharply in May
The US fell to its lowest level since August 2020, decreasing by 7.5 points m/m to 93.3
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India’s real GDP moderates to 4.1% y/y in Q1 2022 (Q4 FY2022)
This brings India’s total GDP growth for FY2022 to 8.7% y/y, 0.2pp below the government’s estimate of 8.9% y/y
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Euro Area inflation accelerates to 8.1% y/y in May
The most recent figure is yet another record high
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United States PCE price index stood at 121.32 in April 2022
This is the lowest reading since November 2020
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US jobless claims down by 8,000 as labour market remains tight
This drop partially compensated for the previous week’s increase by 21,000
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India’s 10-year benchmark bond yield climbs to 7.18% p.a in April 2022
The yield for the longer-term bonds is slated to rise even further as inflation continues to harden
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Business climate in Germany improves marginally in May
Ifo Institute's seasonally index inched up to 93 compared to 91.91 in April