Economy
Central banks, inflation, jobs and growth, and the policy decisions that shape the cycle.
Thailand's June Inflation Split: Headline Slows, Core Hits Six-Year High
Thailand's headline inflation cooled to 2.42% in June as energy prices eased, but core inflation hit a six-year high of 1.23% on stronger do
New Zealand Card Spending Flat in June as Hospitality Slumps, Tourism Rises
New Zealand card spending barely budged in June, rising only 0.1% from May, according to ANZ. Hospitality spending fell, while tourism and r
Spain and Portugal Tweak Mortgage Rules as Home Prices Surge
Home prices in Spain and Portugal are rising sharply, up 12.9% and 17.8% year-on-year in Q1. Regulators are responding with modest mortgage
Westpac Card Tracker Slips as Australian Consumer Spending Loses Steam
Westpac's Card Tracker slipped to 152.8 in the week ended June 27th, with quarterly nominal spending growth slowing to 0.2%. Cheaper fuel ma
Saudi Non-Oil Sector Gains Steam in June on Domestic Demand, PMI Hits 53.3
Saudi Arabia's non-oil private sector picked up in June, with Riyad Bank's PMI hitting a four-month high of 53.3. Domestic orders drove the
Hong Kong PMI Rises to 52.0 in June, But Hiring and Purchasing Slump
Hong Kong's private-sector PMI rose to 52.0 in June from 50.4, indicating faster growth. However, employment fell for a third straight month
Canada's June Jobs Report Expected to Show Modest 10,000 Gain After May's Surge
Scotiabank's Derek Holt expects Canada's June jobs report to show a modest 10,000 gain, a sharp slowdown from May's surprise 88,000 jump. He
Canada's GDP Bounce and TSX Rally Signal Steadier Economy, but CUSMA Review Looms
Canada's economy gained momentum in April with a 0.5% GDP bounce, and the TSX is near record highs. BMO says this supports a steadier second
Japan's Wage Deals Top 5% for Third Year, Bolstering BOJ Rate Hike Path
Japan's largest labor group, Rengo, says companies agreed to raise wages 5.01% on average this year, following similar gains in 2024 and 202
Tanzania Hikes Key Rate to 6.25% as Inflation Hits 4.2%, Highest in Over a Year
Tanzania's central bank lifted its key rate to 6.25% after inflation rose to 4.2% in May, the highest in over a year. The hike is a preempti
Germany's Services Sector Shrinks for Third Month, Signaling Weak Demand
Germany's services sector contracted for a third straight month in June, with the PMI rising to 48.6 but still below the growth threshold. W
France's Services Sector Stays in Contraction as PMI Rises but Remains Below 50
France's services sector remained in contraction in June, with S&P Global's PMI rising to 46.8 but staying below the 50 growth threshold. We