Market News

    Eurozone retail sales drop in May, confirming economic weakness

    The -0.7% month-on-month decline in retail sales coincided with a -0.3% decline in overall services activity in April. While surveys had previously indicated potential weakness in eurozone services for the second quarter, this concrete data confirms our expectations that GDP growth between April and June may have been negative.

    Rubber export revenues slide in May on weak sheet rubber demand

    Sri Lanka’s export earnings from rubber and rubber-finished products fell 9.33 percent year-on-year to US $ 73.60 million in May, as sheet rubber exports slumped 40.91 percent, indicating the persistent pressure on the key product categories in international markets, commodity broker Forbes and Walker said in its June rubber market report.