Source: Office for National Statistics The UK unemployment rate declined further in the second quarter to hit the lowest level in nearly a year, as job listings breached 1 million for the first time on record. The unemployment rate for the quarter stood at 4.7%, the lowest since 4.5% recorded in June to August in 2020.The latest reading is lower than the 4.8% recorded in … [Read more...] about UK Unemployment Rate Eases to 4.7% as Job Listings Soar
Forex News
UK House Prices Decline for the First Time in 2021 in August
Source: Rightmove House prices in the United Kingdom fell for the first time this year in August, following a decline in demand for homes and the scaled-back tax breaks for homebuyers during the period. The national average asking price stood at £337,371 in August, down 0.3% from the previous month to mark the first price decline so far this year. This is 5.6% higher year … [Read more...] about UK House Prices Decline for the First Time in 2021 in August
Chinese Home Prices Grow at Slower Pace of 0.3% in July
Source: National Bureau of Statistics of China Home prices across China’s major cities grew at a slower rate than in July versus the previous month, with property investment also seeing a year-to-date slowdown. Average new home prices across 70 major cities climbed 0.3% in July, down from the 0.5% increase in June.Prices in major cities such as Shanghai and Beijing grew … [Read more...] about Chinese Home Prices Grow at Slower Pace of 0.3% in July
COVID Uncertainties, Flooding Drag China’s Industrial Production, Retail Sales Growth in June
Source: National Bureau of Statistics of China China’s industrial production grew at a slower rate in July, amid uncertainties on the COVID-19 pandemic and the floods that hit operations during the period. Industrial production grew by 6.4% year-on-year, slower than the 8.3% recorded in June.China was hit by growing uncertainties over the possible resurgence of the … [Read more...] about COVID Uncertainties, Flooding Drag China’s Industrial Production, Retail Sales Growth in June
Japan Rebounds With Faster-than-Expected Economic Growth in Second Quarter
Source: Japan Cabinet Office Japan’s economy expanded better than expected in the second quarter, marking a rebound as the country recovered from the initial hit of the COVID-19 pandemic. The gross domestic product (GDP) grew 0.3% quarter-on-quarter, surpassing the market consensus of 0.2%.The latest reading compares with the -0.9% reading in the first quarter and -7.9% … [Read more...] about Japan Rebounds With Faster-than-Expected Economic Growth in Second Quarter
