world economic news

Economic News Daily – Monday 30/05/2022

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THAILAND

The manufacturing production index (MPI) rose 0.56% in April year-on-year, below a forecast rise of 1.6% in a Reuters poll. For this year, the government expects industrial output to rise between 4 to 5%. In 2021, Thailand’s industrial production advanced 5.93%, exceeding the government’s target of 5.2%.

EUROZONE

Eurozone’s economic sentiment index rose slightly to 105.0 in May from 104.9 in the previous month, survey results from the European Commission showed on Monday. The score was forecast to remain unchanged at 104.9.

GERMANY

Germany’s consumer price inflation rate is expected to climb to 7.9% in May of 2022 from 7.4%  in April, the highest since the winter of 1973/1974, according to the latest preliminary report by Destatis on Monday. Energy prices soared by 38.3% in May year on year, while food jumped 11.1%.

SPAIN

Spain’s annual inflation rate likely accelerated to 8.7% in May of 2022, from 8.3% in April and above market expectations of 8.3 percent, flash data from the statistical office INE revealed on Monday. On a monthly basis, consumer prices are expected to rise by 0.8%, after a 0.2% decrease in April.