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May 5, 2026
U.S. service sector activity showed a slight slowdown in the pace of growth in April. The services purchasing manager’s index (PMI) slipped to 53.6 in April after falling to 54.0 in March, although a reading above 50 still indicates growth.
The dip in the headline index partly reflected a notable slowdown in the pace of growth in new orders, as the new orders index tumbled to 53.5 in April from 60.6 in March.
The backlog of orders index also edged down to 53.0 in April from 53.6 in March but remained in expansion territory for a third straight month for the first time since February 2023.
Meanwhile, the business activity index rose to 55.9 in April from 53.9 in March. The employment index also climbed to 48.0 in April from 45.2 in March but continued to indicate contraction.
On the inflation front, the price index came in at 70.7 in April, unchanged from March, amid sustained higher oil and fuel costs.
Manufacturing activity in the U.S. expanded for the fourth consecutive month in April, and the manufacturing PMI came in at 52.7 in April, unchanged from March. While reading above 50 still indicates growth. 05/05/2026 - 10:33:00 (RTTNews)
A report released by the Labor Department on Tuesday showed a modest decrease in U.S. job openings in March. Job openings edged down to 6.866 million in March from 6.992 million in February.
Meanwhile, the report said hires jumped to 5.554 million in March from 4.899 million in February, and total separations increased to 5.378 million in March from 5.022 million in February.
Within separations, quits rose to 3.171 million in March from 3.046 million in February, while layoffs and discharges climbed to 1.867 million in March from 1.714 million in February. 05/05/2026 - 10:51:00 (RTTNews)
Euro traded at 1.1706 against USD at 9:00 AM PST
Spain's unemployment declined sharply in April, and unemployment among young people logged a historic low. The number of unemployed declined by 62,668 in April from the previous month to 2.36 million.
Registered unemployment dropped below 2.4 million for the first time since June 2008. Compared to last year, unemployment decreased to 155,674. Registered unemployment declined in all economic sectors compared to March.
The services sector experienced the largest decline with 46,156 fewer unemployed workers, followed by industry with 3,680 fewer unemployed workers. Construction and agriculture sectors saw unemployment fall by 3,603 and 2,272.
Unemployment among young people aged below 25 years decreased by 19,284 in April from the previous month. This marks a historic low, falling below the 170,000 mark for the first time, with a total of 169,693 unemployed young people in April. 05/05/2026 - 03:49:00 (RTTNews)
The Reserve Bank of Australia (RBA) raised its key interest rate by a quarter basis point for the third straight meeting as inflation remains above the target, as the war in the Middle East pushed up fuel prices. The RBA policy board, led by Governor Michele Bullock, decided to lift the cash rate target by 25 basis points to 4.35% in a split vote on Tuesday.
The latest decision followed similar quarter-point increases in February and March. The current rate has been the highest since December 2024. At the meeting, eight board members voted in favor of the hike, while one policy maker voted to maintain the rate at 4.10%. 05/05/2026 - 07:04:00 (RTTNews)
Hong Kong's economy expanded at a faster pace in the first quarter. Gross domestic product (GDP) advanced 5.9% year-over-year in the first quarter, faster than the 4.0% growth in the fourth quarter.
The expenditure breakdown showed that private consumption expenditure grew 5.0% from last year, and government consumption was 2.9% higher. Gross domestic fixed capital formation expanded sharply by 17.7%, while net exports were not favorable as imports of goods and services grew faster than exports.
Every quarter, GDP growth improved to 2.9% in the March quarter from 1.1% in the December quarter. 05/05/2026 - 05:31:00 (RTTNews)
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