The economy contracted 0.3% on a seasonally adjusted quarter-on-quarter basis in Q2, following the first quarter’s 0.4% contraction. Household spending...
Latest Global Economic News
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Netherlands: GDP declines again on a sequential basis in Q2 -
Russia: Central Bank delivers emergency hike in August At its extraordinary meeting on 15 August, the Central Bank of the Russian Federation (CBR) hiked its key policy rate... -
Japan: Industrial output rebounds in June Industrial output rose 2.4% month-on-month in seasonally-adjusted terms in June (May: -2.2% mom). The rebound was partly due to a... -
Colombia: Economic activity growth gains steam in June Economic activity expanded 1.7% year on year in June (May: +0.1% yoy). The upturn was largely driven by growth in... -
Nigeria: Inflation overshoots expectations and comes in at a near-two-decade high in July Inflation came in at 24.1% in July, up from June’s 22.8%. July’s reading was the highest since September 2005. The... -
Saudi Arabia: Inflation drops to lowest level since June 2022 in July Inflation came in at 2.3% in July, down from June’s 2.7%. July’s figure marked the weakest inflation rate since June... -
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... -
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...