UK Economy Grows by 0.6 Percent in Q2 2024

The United Kingdom’s (UK) economy grew by 0.6 percent in the second quarter (Q2) of 2024, after the recession recorded in the second half of 2023.

UK’s Office for National Statistics (ONS) said on Thursday that the level of gross domestic product (GD…

China’s retail sales up 2.7% in July

BEIJING: China’s retail sales of consumer goods went up 2.7% year-on-year to nearly 3.78 trillion yuan (about US$528.82 billion) in July, the National Bureau of Statistics (NBS) said Thursday.

The growth rate was 0.7 percentage points higher than tha…

China’s industrial output up 5.1% in July

BEIJING: China’s industrial output sustained stable growth in July with booming new growth drivers and strong exports.

The country’s value-added industrial output, an important economic indicator, expanded 5.1% year on year in July, data from the Nat…