Economy : Page 36

Dubai's real GDP in Q1 grows 2.8pc to hit $30bn

August 10, 2023 Dubai’s real gross domestic product (GDP) grew 2.8% year-on-year in the first quarter of the year to reach AED111.3 billion ($30 billion) surpassing average global growth rates for Q1 2023.

Hungary inflation 17.6 pct in July

August 9, 2023 In line with analysts\' expectations, inflation in Hungary slowed to 17.6 percent year-on-year in July, down from 20.1 percent in June, the country\'s Central Statistical Office (KSH) said.

France's trade deficit continues to narrow in Q2

August 9, 2023 France\'s foreign trade deficit shrank by 5.2 billion euros (5.7 billion U.S. dollars) to 24.6 billion euros (26.9 billion dollars) in the second quarter of 2023, thanks to an increase in exports of transport equipment and the decline of energy prices, the French Customs announced.

Canada's exports decrease 2.2 pct in June

August 9, 2023 Canada\'s merchandise exports decreased 2.2 percent, while imports were down 0.5 percent in June, Statistics Canada said.

German inflation slows to 6.2 pct in July

August 9, 2023 Inflation in Germany fell to 6.2 percent in July, after a slowdown in consumer price growth was interrupted in the previous month, the Federal Statistical Office (Destatis) confirmed.

Mongolia's foreign trade up over 22 pct in first 7 months

August 8, 2023 Data released by the Mongolian Customs General Administration (MCGA) showed that the country\'s total imports and exports expanded 22.2 percent year on year to 13.7 billion U.S. dollars in the first seven months of this year.

Eurozone investor confidence improves, sentiment in Germany nosedive

August 8, 2023 Eurozone investor confidence improved for the first time in four months in August but the currency bloc is assessed to be in recessionary mode, survey results from the behavioral research institute Sentix showed on Monday.

Mongolia's central bank purchases 8.5 tons of gold in 7 months

August 7, 2023 Mongolia\'s central bank purchased a total of 8.5 tons of gold in the first seven months of this year from legal entities and individuals.

UK hiring falls due to concerns about economic outlook

August 7, 2023 British employers reduced the number of new permanent staff they hired through recruitment agencies by the most since mid 2020 last month due to concerns about the economic outlook, adding to signs that the market is becoming tougher for job seekers.

U.S. adds 187,000 jobs in July

August 5, 2023 The U.S. economy added 187,000 jobs in July while the unemployment rate fell to 3.5%, the Labor Department announced.

German industry sees 7 pct growth in number of orders in June

August 5, 2023 German industry continued to receive significantly more orders in June thanks to large-scale sales in several sectors, according to preliminary data published by the Federal Statistical Office (Destatis).

Türkiye's inflation rate rises to 47.83 pct in July

August 4, 2023 The annual inflation rate of Türkiye rose to 47.83 percent in July, marking the first increase since October last year, according to official statistics.