The Confederation of British Industry distributive trade survey's retail sales balance improved to -46% in May from -68% in the prior month, according to data published Tuesday.
The consensus estimate was -52% for the month, according to Investing.com.
Taiwan's industrial production rose 14.2% annually in April, driven by a 15.1% increase in manufacturing output, the Ministry of Economic Affairs said Tuesday.Monthly, industrial production fell 6.4%, with manufacturing output down 6.7%.After seasonal adjustments, industrial production increased 0.5% from the previous month, while manufacturing rose 1.%, according to official data.Other sectors showed mixed performance, with mining and quarrying output falling 9.4% and electricity and gas supply edging down 0.5%, while water supply increased 2.7%.For the January-April period, industrial production climbed 21.1% year on year, supported by a 22.7% rise in manufacturing activity, the data showed.
Export expectations in Germany weakened further in May, as the industry outlook "remains challenging" amid ongoing geopolitical instability, the ifo Institute said Tuesday.The ifo export expectations dropped to -5.5 points in May, from -1.2 points in April, with the automotive, metal, and other energy-intensive industries expecting a decline in international sales.On the other hand, the electrical sector maintains a "moderately optimistic" export outlook, though it has cooled slightly from last month. Similarly, furniture manufacturers anticipate a boost in foreign sales.
Producer prices in Spain jumped 8.3% year over year in April, following a revised 3.1% increase previously, data from the National Statistics Institute showed Tuesday.On a monthly basis, the industrial price index was 1.7% higher, after a revised 6.2% growth in March.