September 29, 2023

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
Robo Write.png

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

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

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%.