Industrial production in the U.S. unexpectedly decreased in the month of March, according to a report released by the Federal Reserve on Thursday. The Fed said industrial production fell by 0.5 percent in March after climbing by 0.7 percent in February. Economists had expected industrial production to inch up by 0.1 percent.

The Federal Reserve Bank of Philadelphia released a report on Thursday showing an unexpected surge by its reading on regional manufacturing activity in the month of April. The Philly Fed said its diffusion index for current general activity spiked to 26.7 in April from 18.1 in March, with a positive reading indicating growth. Economists had expected the index to decrease to 10.0.

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended April 11th. The Labor Department said initial jobless claims fell to 207,000, a decrease of 11,000 from the previous week's revised level of 218,000. Economists had expected jobless claims to edge down to 215,000.

The UK economy logged a robust growth in February before the outbreak of the war in the Middle East, which poses significant downside risks to outlook. Gross domestic product logged a monthly growth of 0.5 percent in February, outpacing the 0.1 percent expansion in January, the Office for National Statistics reported Thursday. Economists had forecast the growth to remain unchanged at 0.1 percent

China's economy grew more than expected in the first quarter but the war in the Middle East darkens prospects due to its heavy reliance on energy imports and supply side shocks. Gross domestic product expanded 5.0 percent on a yearly basis in the first quarter, the National Bureau of Statistics reported Thursday.

Reflecting economic uncertainty coupled with rising building material costs and interest rates, the National Association of Home Builders released a report on Wednesday showing a notable deterioration in U.S. homebuilder confidence in the month of April. The report said the NAHB/Wells Fargo Housing Market Index slumped to 34 in April after inching up to 38 in March.

A report released by the Federal Reserve Bank of New York on Wednesday unexpectedly showed a moderate increase in New York manufacturing activity in the month of April. The New York Fed said its general business conditions index surged to a positive 11.0 in April from a negative 0.2 in March, with a positive reading indicating growth. Economists had expected the index to dip to a negative 2.0.

Import prices in the U.S. grew by much less than expected in the month of March, according to a report released by the Labor Department on Wednesday. The Labor Department said import prices climbed by 0.8 percent in March after increasing by a downwardly revised 0.9 percent in February. Economists had expected import prices to surge by 2.0 percent.

Eurozone industrial production recovered in February, driven by increases in non-durable and capital goods output, data from Eurostat revealed on Wednesday. Industrial production advanced 0.4 percent on a monthly basis, in contrast to the 0.8 percent decline in January. Output was expected to grow 0.3 percent. Among components of industrial output, non-durable consumer goods output posted the b

A report released by the Labor Department on Tuesday showed producer prices in the U.S. increased by much less than expected in the month of March. The Labor Department said its producer price index for final demand climbed by 0.5 percent in March, matching a downwardly revised increase in February.

China exports growth eased sharply and imports surged the most in more than four years in March, reflecting supply chain disruptions caused by blockade of the Strait of Hormuz. Exports increased 2.5 percent year-on-year in March, slower than the 21.8 percent increase in the first two months of the year, the General Administration of Customs reported Tuesday.

Singapore central bank tightened its monetary policy on Tuesday as escalating Middle East conflict drove sharp increases in energy prices. The Monetary Authority of Singapore decided to increase slightly the rate of appreciation of the S$NEER policy band. There will be no change to its width and the level at which it is centred.

Existing home sales in the U.S. pulled back by much more than expected in the month of March, according to a report released by the National Association of Realtors on Monday. NAR said existing home sales tumbled by 3.6 percent to an annual rate of 3.98 million in March after surging by 2.7 percent to an upwardly revised rate of 4.13 million in February.

The U.S. dollar plunged against major currencies during the week ended April 10 as a ceasefire between the U.S. and Iran limited safe haven buying.

The Commerce Department released a report on Friday showing new orders for U.S. manufactured goods remained flat for the second straight month in February. The report said factory orders were virtually unchanged in February, while revised data showed factory orders were also virtually unchanged in January.

A report released by the University of Michigan on Friday showed a significant deterioration in U.S. consumer sentiment in the month of April. The University of Michigan said its consumer sentiment index plunged to 47.6 in April after falling to 53.3 in March. Economists had expected the index to dip to 52.0.

Consumer prices in the U.S. increased in line with economist estimates in the month of March, according to a report released by the Labor Department on Friday. The Labor Department said its consumer price index jumped by 0.9 percent in March after rising by 0.3 percent in February. Economists had expected consumer prices to advance by 0.9 percent.

The euro strengthened against other major currencies in the European session on Friday, amid news of a peace agreement between Russia and Ukraine.

The Bank of Korea left its benchmark interest rate unchanged on Friday, as policymakers closely monitor rising inflationary pressures and downside risk to growth amid heightened geopolitical tensions. The Monetary Policy Board of the Bank of Korea decided to leave the Base Rate unchanged at 2.50 percent.

after the Lunar New Year holiday, while producer prices exited deflation for the first time since 2022 as the Middle East conflict pushed up oil prices. Consumer prices rose 1.0 percent year-on-year in March, the National Bureau of Statistics reported Friday.

A report released by the Commerce Department on Thursday showed wholesale inventories in the U.S. unexpectedly rebounded in the month of February. The Commerce Department said wholesale inventories climbed by 0.8 percent in February after falling by a revised 0.3 percent in January.

A report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of February. The Commerce Department said its personal consumption expenditures (PCE) price index climbed by 0.4 percent in February after rising by 0.3 percent in January. Economists had expected prices to increase by 0.4 percent.

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended April 4th. The report said initial jobless claims climbed to 219,000, an increase of 16,000 from the previous week's revised level of 203,000. Economists had expected jobless claims to rise to 210,000.

Germany's export rebounded the most since 2022 even as sales to the U.S. and China declined, official data revealed Thursday. Imports also logged robust recovery in February. Exports grew 3.6 percent month-on-month in February, reversing January's 1.5 percent fall. This was the biggest growth since May 2022. Shipment was expected to climb 1.0 percent.

Germany's industrial production dropped unexpectedly in February even before the outbreak of war in the Middle East, data from Destatis revealed on Thursday. Industrial production fell 0.3 percent in February compared to January, when it was flat. Production was expected to grow 0.6 percent.