The data released on Thursday from various world economies looked upbeat. Data coming from the world’s largest economy indicated a sudden rally last month. Energy Information Administration reported on Thursday that U.S. Crude Oil Inventories climbed to a seasonally adjusted annual rate of 0.018M, even as the analysts had predicted that the inventories are likely to see a drop of -1.690M last month. U.S. Crude Oil Inventories in the preceding month had hit 0.313M mark.
Moreover, U.S. gasoline inventories also posted a surge of a seasonally adjusted annual rate of 3.653M in the last quarter, which was more than what the analysts had anticipated. Going by the official data released by US Energy Information Administration on Thursday, U.S. Gasoline Inventories hit 0.183M in the earlier quarter, and financial experts had estimated it to go up by 0.855M in the last quarter.
During the first quarter of 2013, the U.S. economy on the whole registered a meager growth, which is way less than the expectations in the first quarter of 2013. The Bureau of Economic Analysis reported on Wednesday that the GDP of the country had gone up to a seasonally adjusted annual rate of 1.8% for three months until March.
Destatis released the official data for Import Price Index in Germany on Thursday indicating that it witnessed a surge of a seasonally adjusted -0.4% in the last quarter, bit less than the -0.2% estimated by the analysts. In the preceding quarter, the German Import Price Index was -1.4%.
As per the reports shown by the Japanese Ministry of Economy, the All Industries Activity Index in Japan also went up less than the estimated figure last month. Japanese Ministry of Economy, Trade and Industry reported on Thursday that the Industries Activity Index hit a seasonally adjusted 0.4%, while the index touched 0.2% in the previous month after it was revised from -0.3%. This was quite less than what the analysts had expected, as according to the predictions Japan’s All Industries Activity Index was supposed to go up to 0.5%.
Coming to the economic data released by New Zealand, the trade balance in the country dropped all of a sudden to a seasonally adjusted 71M. As per the official report given by Statistics New Zealand, the trade balance in the previous month was 157M and the financial experts had estimated it to go up to 400M previous month.
