The cost of living in the US recorded the biggest increase in more than three years in April, since gasoline and rents rose, pointing to a steady inflation build-up that could give the Federal Reserve ammunition to raise interest rates later this year.
New Zealand inflation expectations rose slightly, the Reserve Bank of New Zealand latest quarterly survey showed, following the previous survey's unexpectedly weak outcome, and remained well below the mid-point of the RBNZ's target range.
Reserve Bank of Australia policy makers discussed keeping interest rates on hold at the May 3 meeting so they could await more information, but decided on balance that a cut then would help bring inflation to target over time.
Japan's revised industrial production data suggested that the world's third biggest economy is back on track, with output increasing in March.
Official data showed that the New York Federal Reserve's index of manufacturing conditions contracted for the first time in three months in May, as new orders and shipments turned negative.
China's industrial production, retail sales and investment undershot expectations in April, despite Beijing's aggressive easy-money policies in the first quarter, indicating ongoing weakness in the world's second-biggest economy.
The Governor of the Bank of England strongly defended his warning last week that a vote to leave the European Union in June could push Britain into recession.
US retail sales surged the most in a year in April as Americans boosted purchases of automobiles and a range of other goods, suggesting the economy was regaining momentum after growth almost stalled in the first quarter.
Quarterly GDP growth showed a positive trend in the Euro area, rising above previous quarter levels even after a downward revision.
The Bank of England warned Britain's economy would slow sharply, and could even slide into recession, if Britons voted to leave the European Union.
New Zealand first-quarter retail sales volumes rose at the slowest pace for three quarters, against economist expectations.
The Bank of England warned Britain's economy would slow sharply, and could even slide into recession, if Britons voted to leave the European Union.
The number of Americans filing for unemployment benefits increased last week to a more than one-year high.
The Euro zone industrial production declined sharply for the second month in a row in March, suggesting that the currency bloc's economic recovery is likely to remain modest despite a stronger start to the year.
Inflation expectations among Australians declined to the lowest level in eight month in May, with weak first-quarter consumer price data having a negative effect on expectations.
New Zealand's manufacturing sector expanded at the strongest pace since January last month.
Japan posted its largest monthly current account surplus in nine years in March, led by an improved trade balance and robust returns from foreign investments.
Britain's manufacturing output recorded the biggest annual decline in any month for nearly three years, fuelling fears over the health of the country's overall economy.
Australian consumer confidence improved markedly in May after the Reserve Bank of Australia trimmed interest rates for the first time in a year.
The Reserve Bank of New Zealand said the risks to New Zealand's financial system have intensified in the past six months.
The UK's trade deficit widened in the first quarter to its biggest value since the onset of the financial crisis, reinforcing the view that global weakness is weighing on the economy.
American employers posted the most open jobs in eight months in March, but total hiring slowed, sending mixed signals of the labour market.
A bulk of data releases on the European economy provided mixed diagnoses for largest economic trend setters over the continent for March and April.
China's consumer inflation held steady in April, giving the People's Bank of China more room to ease monetary policy as the world's second-biggest economy combats tepid demand.