Inflation came in at 2.3% in July, down from June’s 2.7%. July’s figure marked the weakest inflation rate since June...
Latest Global Economic News
-
Saudi Arabia: Inflation drops to lowest level since June 2022 in July -
Denmark: Quarterly economic growth slows further in Q2 The Danish economy tapped on the breaks in the second quarter of 2023, when GDP expanded at a softer 0.2%... -
Japan: GDP soars in Q2 2023 with fastest upturn since Q4 2020 According to a preliminary reading, GDP growth gained momentum to 6.0% in seasonally adjusted annualized rate terms (SAAR) terms in... -
Canada: Inflation overshoots market expectations in July Inflation rose to 3.3% in July, above June’s 2.8%. The reading was primarily due to a less favorable base effect... -
China: Housing market weakens further in July In January–July, the contraction in property investment steepened to 8.5% year on year from 7.9% in January–June. Indicators for commercial... -
Israel: Inflation moderates more than anticipated in July Inflation came in at 3.3% in July, which was down from June’s 4.2%. July’s result represented the weakest inflation rate... -
Slovakia: GDP growth records best result in one year in Q2 According to a preliminary estimate, GDP growth improved to 1.5% year on year in the second quarter from 1.0% in... -
China: Industry, investment and retail data disappoints in July Industrial output expanded 3.7% year on year in July (June: +4.4% yoy). July’s weakening was driven by decelerations in manufacturing... -
United Kingdom: Labor market shows further signs of softening According to the ONS, in April–June the unemployment rate registered 4.2%, up 0.2 percentage points from the previous rolling quarter... -
United States: Retail sales growth picks up pace in July Retail sales expanded 0.7% month-on-month in seasonally-adjusted terms in July (June: +0.3% mom). The result marked the best reading since...