China PPI Surges, Population Growth Slows, U.S. Jobs: Eco Day

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Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day.

  • China’s factory-gate prices rose at the fastest pace since 2017 in April, fueled by rapid gains in commodity prices, adding to global inflation concerns
  • China’s census report showed the slowest population gains since the 1950s, a shrinking labor force and fast-growing ranks of the elderly
  • Fed officials say April’s disappointing jobs report doesn’t change the upbeat outlook for the labor market amid strong consumer demand
  • Inflation continues to brew in the U.S. industrial heartland as growing materials shortages cascade into record-long delivery times. Here’s how simple math can be casting an inflation illusion
  • A hole in Britain’s finances is starting to worry economists and stoke concerns about the pound
  • Pret A Manger Ltd.’s sales data shows London’s bankers, corporate lawyers and asset managers are taking their time returning to offices even as the pandemic eases across the U.K
  • The Bank of Japan gave one of its strongest hints yet that the need to take action on climate change is appearing on its radar
  • Japan’s household spending rose above year-earlier levels in March for the first time in four months. Yuki Masujima says high-frequency data show Japan’s activity picked up over the Golden Week holidays
  • The U.S. East Coast is at risk of a “temporary, but major shortage” of fuels following the cyber attack that forced the closure of the Colonial oil-products pipeline, according to Citigroup Inc.
  • Chinese debt is back in favor with overseas investors
  • Australia’s windfall from soaring iron ore and a tumbling jobless rate is set to narrow the budget deficit and deliver spending firepower

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