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Singapore GDP Spikes 14.3% On Year In Q2

Singapore's gross domestic product expanded 14.3 percent on year in the second quarter of 2021, the Ministry of Trade and Industry said in Wednesday's advance estimate.Original Article Read More →

China Exports Growth Exceeds Expectations In June

China's exports grew more-than-expected in June despite the closure of major ports in southern China due to Covid-19 cases among port workers. In dollar terms, exports advanced 32.2 percent year-on-year in June, data from the General Administration of Customs showed Read More →

Australia Scales Back Asset Purchase Programme

Australia's central bank decided to scale back its quantitative easing programme citing stronger-than-expected economic recovery and suggested that interest rates will remain at the current level until 2024. The policy board of the Reserve Bank of Australia headed by Governor Read More →

German ZEW Economic Confidence At 6-Month Low

German economic confidence weakened to a six-month low in July, survey data from the ZEW - Leibniz Centre for European Economic Research showed Tuesday. The ZEW Indicator of Economic Sentiment declined sharply to 63.3 in July from 79.8 in the Read More →

Germany Factory Orders Fall On Weak Foreign Demand

Germany factory orders declined unexpectedly in May driven by weak foreign demand, data published by Destatis showed on Tuesday. Manufacturing orders dropped 3.7 percent month-on-month in May, reversing a revised 1.2 percent rise in April and confounding expectations for an Read More →

U.S. Service Sector Growth Slows From Record Pace In June

After reporting record U.S. service sector growth in the previous month, the Institute for Supply Management released a report on Tuesday showing the pace of growth in the sector slowed more than expected in the month of June.Original Article Read More →