World Economic News – Thursday 01/09/2022

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EUROZONE

The Eurozone Manufacturing Purchasing Managers Index (PMI) in August stood at 49.6, representing a 0.2 point fall compared to July’s figure, 0.1 point decline compared to an earlier estimate and a 26-month low, according to the final report by the S&P Global published on Thursday.

UK

Annual house price growth in the United Kingdom slowed to 10% in August from 11% in July, according to the Nationwide House Price Index released on Thursday. Nonetheless, the rate remained in double-digits for the tenth month in a row.

RUSSIA

Russia’s manufacturing activity expanded at the strongest pace in seven months, as strong domestic demand drove output higher, survey data from S&P Global showed on Thursday. The S&P Global Russia Manufacturing Purchasing Managers’ Index, or PMI, rose to 51.7 in August from 50.3 in July.

AUSTRALIA

Building capex in Australia was down a seasonally adjusted 2.5 percent on quarter in the second quarter of 2022, the Australian Bureau of Statistics said on Thursday – coming in at A$17.220 billion.