US labour costs rose at the slowest pace in 33 years in the second quarter on lacklustre gains in the private sector, putting a September interest rate increase into question.
Consumer inflation in the Euro zone barely climbed from the previous year in July, while the number of unemployed rose in June, adding to signs that the ECB's QE programme has yet to deliver the desired results.
USUS economic growth accelerated in the April-June quarter as an increase in consumer spending offset the drag from weak business spending on equipment. The US GDP rose a 2.3% annual rate, while the first-quarter economic output was revised to show a growth of 0.6%, up from a negative 0.2%. The Fed remains on track to hike interest rates later this
Morale among New Zealand businesses unexpectedly dropped to the lowest level in six years in July, with agriculture being the most downbeat sector.
Japan's household spending unexpectedly declined and inflation stalled last month, adding to signs the world's third biggest economy may have contracted in the second quarter and questioning the Bank of Japan's view that the growth will recover robustly in the current quarter.
US economic growth accelerated in the April-June quarter as an increase in consumer spending offset the drag from weak business spending on equipment.
The Spanish economy accelerated for the eighth consecutive quarter, after it recovered from the recession in the third quarter of 2013.
Australia's building approvals posted the biggest monthly decline since September 2014, dragged down by a steep decrease in the volatile apartment sector.
Growth of British annual sales weakened in July, despite a big surge in clothing purchases, the Confederation of British Industry reported.
The Fed remains on track to hike interest rates later this year, with odds rising that the decision will come as soon as its next monetary policy meeting in September, as the US economy continues to perform in line with expectations.
Even though German consumers remained optimistic, they voiced concerns about the country's economic situation due to uncertainty about Greece's financial stability.
Retail sales in the world's third biggest economy declined sharply for the third time this year in June, adding to sign consumer spending remains weak to be a key driver of economic growth.
Reserve Bank of New Zealand Governor Graeme Wheeler said further monetary policy easing is likely to be required to underpin economic growth and to return inflation to the central bank's 2% target.
Canada's industrial product prices climbed amid recovering energy and petroleum products in June, while the raw materials index remained flat.
British economic growth accelerated in the second quarter, fuelling speculation about the first rate hike in interest rates since the financial crisis.
US consumers mood darkened in July, as households were worried about current and future job growth, and rattled by events in China and Greece.
The UK factory orders rose at the weakest pace in two years in July as a strong Pound has further dimmed the outlook for manufacturing exports.
Orders to American factories for big-ticket items rose more than expected in June, while business investment recovered after two months of drops.
Business confidence in Germany, the Euro zone's biggest economy, improved more than predicted in July as concerns over Greece have subsided, suggesting a solid growth in the German economy this year.
China's manufacturing activity plunged to the lowest level in 15 month in July, adding to the latest signs of deterioration in the world's second biggest economy.
US new home sales dropped to their lowest level in seven months in June, while May's data was revised sharply lower, indicating a minor setback for the housing market rebound.
The Euro zone's manufacturing sector failed to make progress in July amid the Greek debt crisis during the month, preliminary data from Markit showed.
RBA Governor Glenn Stevens said an interest-rate cut remains "on the table," while adding that the depreciation of the Aussie Dollar is having an expansionary effect on the nation's economy.
New Zealand logged its first monthly trade deficit of 2015 and the biggest 12-month shortfall in six years.