China's manufacturing sector continued to expand, with the official gauge hitting the highest level in six months in May, adding to sings recent stimulus measures are helping to keep the world's second-largest economy on track for meeting policy makers' growth goal.
The world's number economy contracted in the first quarter depressed by brutal weather and a higher-valued Dollar.
German retail sales increased faster than expected in April, adding to signs private consumption is likely to remain a solid catalyst to economic growth in Europe's number one economy.
A set of economic data from Japan painted a mixed picture with inflation and industrial production surpassing analysts' expectations, while improved labour market failed to persuade consumers to open their wallets.
Canada's current account widened in the first quarter to the second highest level on record amid worsening trade, particularly in the energy sector.
The UK economic output rose in line with expectation in the first three months of 2015, marking the lowest growth rate since the fourth quarter of 2012.
The number of Americans applying for unemployment benefits unexpectedly jumped last week, but remained at levels consistent with an improving labour market.
The European Commission's Economic Sentiment Indicator, a measure of business and consumer confidence, was stable in May, after slightly falling in April from near the highest level in four years in March.
Dismal capex data raised concerns that Australia's transition from a mining-led economy offers nothing but hard landing, spurring bets the Reserve Bank of Australia may cut its official interest rate again soon.
Japan's retail sales rose less than expected in April compared with the previous year, suggesting a weak start to the second quarter for an economy that is struggling with a devastating effect of last year's sales-tax hike.
The Bank of Canada maintained its target for the overnight rate at 0.75% for a third consecutive meeting, underscoring that growth and inflation are in line with expectations.
Vice Chairman of Federal Reserve Stanley Fischer noted during his speech in Israel that there is too much importance placed on the first hike of federal fund rate and the process of returning back to the pre-crisis level will take some time.
Consumers' morale in Germany reached the highest level since 2001, as optimistic economic outlook and low inflation persuaded consumers to open their wallets.
While the Bank of Japan's policy makers believed private consumption would remain resilient as incomes are increasing, they expressed concerns about Japan's inflation.
UK retail sales growth soared in May, while the expectations for the next month's sales hit the highest level in almost 27 years.
US core durable goods orders rose more than expected in April, increasing 0.5%, surpassing economists' median forecast for a 0.3% gain, and compared with an upwardly revised March figure of 0.6%.
Bank of Japan Governor Haruhiko Kuroda said the Japanese economy is now overcoming deflation, offering a more upbeat outlook for the nation's economy.
New Zealand trade surplus shrank in April as whole milk powder exports to China fell. According to Statistics New Zealand, the trade surplus was $NZ123 million in the reported month, compared with $NZ100 million expected by economists and $NZ754 million surplus in March.
After announcing an acceleration of money printing to boost bond buying before liquidity dries up during Europe's summer vacation period in July and August, the European Central Bank slowed its weekly pace of purchases.
A sharp decline in energy prices put heavy pressure on Canada's inflation in April, as cost of living fell to lowest level since October 2013.
The British economy is expected to close its output gap within next year, Mark Carney, Bank of England Governor said, adding that recent slowdown in inflation is due to a fall in food and energy prices. Carney forecast productivity to pick up, but it would not return to historical averages any time soon.
US consumer prices slowed their growth in April amid weak gasoline prices, according to the Labor Department. Consumer price index climbed 0.1% last month after rising 0.2% in March.
Europe's largest economy, Germany, grew by a quarterly rate 0.3% in the three months through March, down from 0.7% growth in the fourth quarter.
USThe US economy's weakness in the beginning of the year persuaded most Fed policy makers that the economy would not show enough strength to justify hiking the benchmark interest rate in June. Yet, officials said that the slow start to the year was mostly triggered by temporary factors like harsh winter weather and disputes at West Coast ports. Central bankers