Saturday, June 12We Break the News

Canada New Housing Prices Rise 1.9% MoM, US Weekly Jobless Claims Continue to Fall, Sri Lanka Producer Inflation Slows in March, Coffee Hits 4-year High

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Canada New Housing Prices Rise 1.9% MoM
Prices of new homes in Canada rose 1.9 percent from the previous month in April of 2021, following a 1.1 percent increase in March. New house prices in March were up in 22 of the 27 census metropolitan areas surveyed. Year-on-year, new house prices jumped 9.9%, the largest increase since February 2007.
US Weekly Jobless Claims Continue to Fall
The number of Americans filing new claims for unemployment benefits dropped by 34 thousand to 444 thousand in the week ending May 15th, a new 14-month low and below market expectations of 450 thousand. The labor market continued to show signs of recovery, helped by the country’s re-opening efforts, the ongoing government support and one of the world’s most successful vaccination campaigns. However, the weekly report also showed there was an unexpected 111 thousand increase in the number of continuing claims.
Sri Lanka Producer Inflation Slows in March
Producer prices in Sri Lanka soared 6.3 percent year-on-year in March 2021, slightly less than a 6.4 percent rise in February 2021. Prices slowed for manufacturing (8.9 percent vs 9.7 percent) and fell for electricity, water & supply ( -4.8 percent vs 1.1 percent). On the other hand, prices increased at a faster pace in agriculture (10 percent vs 8.4 percent in February). On a monthly basis, producer prices dropped 0.1 percent, following a 1.1 percent increase in the previous month.
Coffee Hits 4-year High
Coffee increased to a 4-year high of 153.45 USd/Lbs

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