world economic news

World Economic News – Wednesday 24/08/2022

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SOUTH AFRICA

South Africa’s unemployment rate was at 33.9% in the Q2 of 2022, down from 34.5% in the Q1 and a record high of 35.3% in the Q4 of 2021, data from Statistics South Africa showed on Tuesday. The number of unemployed people increased by 132,000 people to 7.994 million in the second quarter from 7.862 million in the previous quarter.

TURKEY

Turkey’s seasonally adjusted consumer confidence index rose to 72.2 in August from 68.0 in July. The latest reading was the highest since March, when it was 72.5, figures from the consumer tendency survey carried out by Turkstat and the central bank showed on Tuesday.

SINGAPORE

Singapore’s annual inflation rate rose to 7.0% in July 2022 from 6.7% in the prior month, matching market consensus. This was the fastest rise in consumer prices since June 2008, with food prices up 6.1% yoy, the most since November 2008.

US

New home sales in the United States fell 12.6% in July compared to the previous month. The sales decreased by 29.6% compared to July 2021, according to the report published by the United States Census Bureau on Tuesday.