The annual headline CPI inflation rate rose to 2.9% in July, up from 2.6% in June, marking the first increase since March 2026.
Consumer confidence
Retail sales
Unemployment
PMIs
Inflation
According to the ONS, UK unemployment remained at 4.9% in the three months to June, unchanged from the previous reading.
The S&P Global UK Composite Purchasing Managers' Index (PMI) rose to 52.5 in August, up from 52.2 in July, indicating a further improvement in private-sector activity.
Month-on-month retail sales volumes fell by 0.5% in July, following a revised 0.7% increase in June, as spending moderated after strong promotional activity earlier in the summer.
The GfK Consumer Confidence Index rose to -14 in August from -17 in July, its highest level in two years.
The European Commission's Consumer Confidence Indicator improved to -13.4 in August, up from -14.7 in July, reaching its highest level in more than a year.
Consumer confidence
The ZEW Economic Sentiment Indicator for the euro area rose to 34.7 in August, up from 29.5 in July, reflecting improved expectations for the economic outlook.
Economic sentiment
The S&P Global Eurozone Composite PMI rose to 51.5 in August, up from 50.9 in July, signalling a further expansion in business activity.
PMIs
According to second-quarter estimates released during August, euro area year-on-year GDP growth rose to 1.0% in Q2, up from 0.5% in Q1.
GDP
The annual Harmonised Index of Consumer Prices (HICP) inflation rate rose to 2.9% in July, up from 2.8% in June.
Inflation
The University of Michigan Consumer Sentiment Index fell to 51.7, down from July's final reading of 55.2
Consumer sentiment
According to estimates released during August, annualised US GDP growth was 1.5% in Q2, down from 2.1% in Q1.
GDP growth
The US unemployment rate remained at 4.1% in July, unchanged from the previous month.
Unemployment
Year-on-year average hourly earnings rose by 3.2% in July, down from 3.4% in June.
Earnings
The annual Personal Consumption Expenditures (PCE) inflation rate, the Federal Reserve’s preferred measure of inflation, was 3.7% in July, unchanged from June.
Inflation
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EUR
US
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