The Week in Numbers: GDP and Retail Sales Figures Out from China
In the UK, inflation rate came down without warning to 2.6% in June, largely due to lower petrol and diesel prices. It was the first fall in the rate since October 2016. In May, the inflation rate was at 2.9%.
In China, the gross domestic product (GDP) was stable at 6.9% for the second quarter. This was the same figure as the previous quarter. Meanwhile, retail sales grew by 11% year-on-year in June, the fastest growth since December 2015. The improvement was partly due to ballooning online sales.
In Australia, the unemployment rate came in at 5.6% in June, close to its lowest levels in four years. Overall, 14,000 jobs were created throughout the month. Full-time employment increased by 62,000 but this was slightly offset by a 48,000 drop in part-time workers.
In Singapore, non-oil domestic exports (NODX) went up 8.2% year-over-year in June, International Enterprise Singapore said on Monday. This was after a flat performance in the preceding two months. The improvement last month was due to increases in both electronic and non-electronic exports. Electronic NODX rose by 5.4%, for the eighth consecutive month. Integrated circuits led the way, going up by 20.7%. Meanwhile, non-electronic NODX grew 9.3% in June 2017.
And finally, at the World Snail Racing championships in the English village of Congham, ‘Larry The Snail’ defeated ‘Uslime Bolt’ to clinch the top spot. Larry crossed the finishing line in 2 minutes and 20 seconds. More than 150 snails took part in the competition.