How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Germany negotiates wages ascend more strongly in the first quarter
In Germany, negotiated wages inched up by 2.8% on average during the first quarter compared with the same period the previous year, as data disclosed on Tuesday, spurring hopes that household spending will probably remain a major driver of surge in the EU’s major economy.
As reported by the Statistics Office, negotiated wages include collectively agreed basic pay and also one-off payments, back payments from wage deals and annual bonuses.
The 2.8% leap in the first quarter appeared to be above the long-term average of 2.5% for the last 20 quarters and it also marked an acceleration in wage surge from a 2.2% soar in the final quarter of the previous year, as the office informed.
Negotiated wages tacked on more steeply than consumer prices that soared by 1.9% during the same period, as the data revealed, suggesting that consumers have more money to spend notwithstanding growing inflation.
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Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
