Labor market conditions in the common currency block worsened again in July, when Covid-19 containment measures were further loosened, although...
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Euro Area: Unemployment rate further up in July, again held down by massive short-time work schemes -
Euro Area: Annual prices fall at sharpest pace in over five years in August Harmonized consumer prices fell 0.2% compared to the same period of the previous year in August, swinging from July’s 0.4%... -
United Kingdom: House prices rise further in August According to the Nationwide Building Society (NBS), house prices in the United Kingdom rose 2.0% month-on-month in August, up from... -
Switzerland: Retail sales speed up in July Retail sales rose 4.1% in annual terms in July, which was above June’s 3.3% increase. July’s reading bodes well for... -
Australia: Covid-19 pandemic hits the economy hard in Q2 GDP fell 7.0% in seasonally-adjusted quarter-on-quarter terms in Q2, following Q1’s much softer 0.3% decrease, as Covid-19 and associated lockdown... -
Italy: Second estimate shows worse-than-expected Q2 collapse A second estimate revealed that Italy’s GDP collapsed 12.8% in Q2 over the previous period in seasonally- and working-day-adjusted terms,... -
Australia: RBA keeps rates at all-time low in September; ramps up cheap bank funding At its monetary policy meeting on 1 September, the Reserve Bank of Australia (RBA) decided to keep the cash rate... -
Korea: Merchandise exports decline at sharp rate in August, although underlying picture is more positive Merchandise exports fell 9.9% in annual terms in August (July: -7.1% year-on-year) amid still-tepid external demand. However, a lower number... -
Hong Kong: Decline in retail sales continues to soften July Retail sales fell 23.9% compared to the same month a year earlier in July, which was slightly softer than June’s... -
Korea: Preliminary estimate shows economy contracting at fastest pace since 2008 in Q2 A preliminary GDP release by the Bank of Korea shows the economy shrank 3.2% in seasonally-adjusted quarter-on-quarter (s.a. qoq) terms...