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UK house prices up 7.8% in June

According to the Office for National Statistics (ONS), house prices in the UK rose by 7.8% year-on-year in June. This was the slowest increase since July last year, immediately after the government reduced the level of tax to mitigate the…

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Eurozone economy grew at a slower pace in Q2/22

The European Statistical Office (Eurostat) reported that economic growth in the eurozone weakened slightly in the second quarter of 2022 compared with previous estimates, but remained strong. According to the report, the gross domestic product (GDP) of the eurozone, which…

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UK inflation at highest level in 40 years in July

Inflation in the UK hit another 40-year high in July with rising food and energy costs, and the cost-of-living crisis worsened to record levels. According to the ONS, the United Kingdom’s consumer price index (CPI) rose 10.1% in July from…

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Australia’s wages rose in Q2/22, but less than inflation

The Australian Bureau of Statistics (ABS) reported that the Australian wage price index increased by 2.6% year-on-year in Q2 2019, but is still below the rate of inflation. The Australian wage price index rose by 0.7% in the second quarter,…

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UK to import Australian gas by next week

The UK will import Australian gas next week as pressure mounts on European energy supplies. According to commodity analyst Kepler, Australian natural gas (LNG) is scheduled to arrive in the UK on August 22. Normally, Australia does not have a…

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Singapore’s non-oil exports up 7% in July

Enterprise Singapore, Singapore’s trade promotion agency, said Singapore’s non-oil exports (NODX) grew 7% slower year-on-year in July, following an 8.5% increase in June, the 20th consecutive month of growth. The report states that exports of electronic and non-electronic products also…

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