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Euro Area: Credit growth accelerates in May
Euro Area accelerated in May, increasing by 5.8% y/y from 5.5% y/y in April
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Euro Area: Manufacturing PMI posts the largest drop since September 2021
The S&P Global Manufacturing Purchasing Managers' Index dropped to 52 from 54.6 in May
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India's financial account posts surplus of 14,225.52 USD mn in March 2022
In the previous quarter, there was a surplus of 22,226.19 USD mn
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CEIC Leading Indicator for Indonesia slows further in May
The non-smoothed indicator fell 2.6 points m/m to 117.9
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Euro Area trade deficit deepens further in April
Exports annual growth decelerated to 12.6%
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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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Headline inflation in India eases to 7.0% in May 2022
Despite the drop, inflation still remained a full percentage point above RBI's upper target band
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China consumer price index up by 2.1% y/y in May 2022
All the 8 components of the CPI basket recorded elevated prices in May
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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