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September 29, 2023
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Euro area inflation 4.3% y-o-y (consensus 4.5) in Sep-23



- Euro area inflation stood at 4.3% year-on-year in September 2023, slightly below the consensus expectation of 4.5%, indicating a slower pace of price increases.
- The current inflation rate is the lowest growth since October 2021, but still remains higher than the long-run average by 2.08 percentage points.
September 29, 2023
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Hong Kong retail sales 11.0% y-o-y in Aug-23



- Hong Kong's retail sales for August 2023 grew by 11.0% year-on-year, marking the lowest level of growth since January 2023 but remaining 7.97 percentage points above the long-run average.
- The decline from the previous month's growth rate and the deviation below the one-year average suggest potential challenges for the retail industry, while considering the broader context of the economy's recovery and other economic indicators.
September 29, 2023
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UK mortgage approvals 45.35k in Aug-23



- UK mortgage approvals in August 2023 hit their lowest level since February 2023, representing a significant decline from the previous month.
- Consumer credit stood at 1.19 billion pounds in July 2023, while the M4 money supply experienced a year-on-year contraction of 0.8% during the same period.
September 29, 2023
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Germany unemployment rate 5.7% (consensus 5.7) in Sep-23


- Germany's unemployment rate held steady at 5.7% in September 2023, aligning with consensus forecasts.
- Although the rate remained constant, it slightly surpassed the one-year average by 0.11%, hinting at a potential deterioration in the labor market compared to the previous year. The unemployment rate also stood significantly below the long-run average by 2.52%.

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