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Inflation in Australia rises to 5.2% in August
Foreign currency
image 27 September، 2023

 Figures issued in the Asian session this morning, Wednesday, September 27, from the Australian Institute of Statistics (ABS) showed an increase in the consumer price index, which measures inflation in Australia, by 5.2% on an annual basis in August, compared to 4.9% in July, to match expectations, while the basic index, excluding volatile elements, rose. Fuel and food supplies increased...

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The Australian labor market is recovering and it was announced that 64,000 jobs were added in August
Foreign currency
image 14 September، 2023

 Australian unemployment rates stabilized in August at 3.7%, according to figures issued by the Australian Bureau of Statistics (ABS) at the beginning of the Asian session on Thursday, matching expectations with the labor market participation rate rising to 67% from 66.9%. The Australian economy added about 64,900 jobs in August, bringing the total number of employment to 14,107,900 million jobs,...

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Annual inflation in the United States of America reached 3.7% in August
Foreign currency
image 13 September، 2023

 Data issued moments ago by the Bureau of Labor Statistics in the United States of America showed that the Consumer Price Index (CPI), which measures inflation, rose by 0.6% in August, after a rise of 0.2% in July, which was in line with expectations, while the core index, excluding food and energy prices, came in at 0.3% compared to With...

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The UK economy contracted by 0.5% in July
Foreign currency
image 13 September، 2023

Preliminary figures from the Office of National Statistics in the United Kingdom (ONS), issued moments ago, showed a decline in GDP growth in the United Kingdom in July, shrinking by 0.5% compared to growth of 0.5% in June, while expectations were for a decline of 0.2%. On the other hand, the economy recorded growth. By 0.2% in the three months...

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Canada announces the addition of 40,000 jobs in August
Foreign currency
image 8 September، 2023

 The Statistics Department in Canada announced the addition of the Canadian economy to 40,000 jobs in August, an increase of 0.2% compared to the loss of 6 thousand jobs in July, while expectations were to add 19 thousand jobs. On the other hand, unemployment rates stabilized at 5.5% after three months of successive increases, while expectations indicated their increase to...

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The Australian economy grew by 0.4% in the second quarter
Foreign currency
image 6 September، 2023

The Australian economy recorded a growth in GDP growth, according to the Australian Bureau of Statistics, abs, by about 0.4% in the second quarter of this year 2023 ending in June, compared to a growth in the first quarter of this year by about 0.4% in the revised reading from 0.2% to match expectations. On an annual basis, GDP rose...

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The Australian Central Bank keeps interest rates unchanged for the third meeting, and Lowe leaves the bank’s presidency
Foreign currency
image 5 September، 2023

 For the third month in a row, the Monetary Policy Board of the Reserve Bank of Australia decided to maintain monetary policy and interest rates at 4.10%, as expected at the bank's meeting that took place on Tuesday morning, the fifth of September. And the interest statement issued by the bank stated that interest rates have increased by 4% since...

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Unemployment rates are rising in the United States of America and wages are slowing
Foreign currency
image 1 September، 2023

 The report issued by the United States Bureau of Labor Statistics moments ago showed that 187,000 jobs were added in August, compared to the addition of 157,000 jobs in July, after being revised from 187,000 to come in better than market expectations, which indicated job creation estimated at 170,000 jobs. On the other hand, unemployment rates rose to 3.8 from...

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The Fed’s preferred inflation index rose to 3.3% in July
Foreign currency
image 31 August، 2023

 Data released moments ago by the US Bureau of Economic Analysis showed a rise in US personal income by $45 billion in July, an increase of 0.2%. The PCE index, the preferred indicator for measuring inflation for the US Federal Reserve, stabilized at 0.2% on a monthly basis. On the other hand, the main index rose. Excluded from food and...

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Core inflation in the eurozone was 5.3% in August
Foreign currency
image 31 August، 2023

Estimates by Eurostat, or the Statistical Office of the European Union, issued a few moments ago, showed that the annual inflation rate in the eurozone was stable at 5.3% in August, in the preliminary reading, the same as July, while expectations were for a slowdown of 5.1%. In the details, prices in the energy sector declined at an annual rate...

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