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2021.06.0205:01:00UTC+00EUROPEAN ECONOMICS PREVIEW: GERMANY RETAIL SALES DATA DUE



Retail sales from Germany and mortgage approvals from the UK are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales data for April. Economists forecast sales to fall 2 percent on month, following March's 7.7 percent increase.

At 3.00 am ET, Spain's monthly unemployment data is due from labor ministry.

At 4.30 am ET, the Bank of England is set to issue UK mortgage approvals figures for April. Approvals are forecast to rise to 84,980 from 82,735 in the previous month.

At 5.00 am ET, Eurostat releases euro area producer prices for April. Producer price inflation is forecast to rise to 7.3 percent from 4.3 percent in March.

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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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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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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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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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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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JAPAN PRODUCER PRICES CLIMB 0.7% ON MONTH IN MAY



Producer prices in Japan were up 0.7 percent on month in May, the Bank of Japan said on Thursday.

That exceeded expectations for an increase of 0.5 percent and was down from 0.9 percent in April.

On a yearly basis, producer prices climbed 4.9 percent - again beating forecasts for 4.5 percent and up from 3.6 percent in the previous month.

Export prices were up 1.0 percent on month and 11.0 percent on year last month, the bank said, while import prices rose 2.2 percent on month and surged 25.4 percent on year.

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EUROPEAN ECONOMICS PREVIEW: UK GDP DATA DUE



Monthly GDP, industrial production and foreign trade figures are due from the UK on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK GDP data. The economy is forecast to grow 2.2 percent on month in April, following a 2.1 percent rise in March.

The visible trade deficit is seen at GBP 12.1 billion compared to -GBP 11.7 billion in March. Economists expect UK industrial output to grow 1.2 percent on month in April, slower than the 1.8 percent increase in the previous month. At 3.00 am ET, Spain's INE publishes final consumer price data for May. In the meantime, industrial production and retail sales from Turkey are due.

At 4.00 am ET, Italy's Istat releases quarterly unemployment data.

At 6.30 am ET, Russia's central bank announces its interest rate decision. Economists expect the bank to lift its key rate to 5.50 percent from 5.00 percent.

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NEW ZEALAND SERVICES INDEX SLIPS TO 56.1 IN MAY - BUSINESSNZ





The services index in New Zealand continued to expand in May, albeit at a slower pace, the latest survey from BusinessNZ showed on Monday with a Performance of Services Index of 56.1.

That's down from 61.2 in April, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components of the survey, new orders (62.1), sales (58.7), employment (54.3) and stocks (51.6) all were in expansion territory, while supplier deliveries (45.1) contracted.

"While the current strength in the PSI and PMI says good things for economic growth over coming quarters, the obvious supply side stresses suggests significant upward pressure is building on inflation," said BNZ Senior Economist Doug Steel.

EUROPEAN ECONOMICS PREVIEW: UK UNEMPLOYMENT DATA DUE





Unemployment data from the UK and revised consumer price data from Germany are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK unemployment data for April. The jobless rate is seen at 4.7 percent in three months to April versus 4.8 percent in three months to March.

In the meantime, Destatis is set to publish Germany's final consumer prices for May. According to flash estimate, consumer price rose to 2.5 percent in May from 2 percent in April.

At 2.45 am ET, France's statistical office Insee is scheduled to release revised consumer price data. Inflation is seen at seen at 1.4 percent, in line with flash estimate, versus 1.2 percent in April.

At 3.00 am ET, the Swiss State Secretariat for Economic Affairs is slated to issue economic forecasts.

At 4.00 am ET, Italy's revised consumer price data for May is due. The statistical office is expected to confirm 1.3 percent rise in consumer prices in May.

At 5.00 am ET, Eurostat publishes euro area foreign trade data for April. The trade surplus totaled EUR 15.8 billion in March.