The Australian Dollar rebounded from the lowest level in six years after the Reserve Bank of Australia kept interest rates unchanged and was more comfortable with the level of the Aussie, whose 20% depreciation versus the Greenback in the last 12 months has supported exporters as well as import-exposed business.
Growth in the UK construction industry unexpectedly slowed in July, hurt by sluggish housebuilding and civil engineering.
"We are moving past the very weak period for the manufacturing sector from early on this year, but that activity has yet to meaningfully increase"- Daniel Silver, an economist at JPMorgan New orders for US factory goods recovered strongly in June amid robust demand for transportation equipment and other goods, a positive sign for the nation's struggling manufacturing sector. According to
Australia's retail sales data exceeded expectations in June with the biggest increase in four months, while household spending for the second quarter likely boosted economic growth.
British manufacturing growth accelerated in July, recovering from the lowest level in more than two years in June.
A closely watched core PCE inflation remained steady in June, while consumer spending and incomes suggest robust, albeit moderate economic growth.
The Euro zone's manufacturing sector continued to expand strongly in July amid the turbulent Greek debt crisis during the month.
Business activity in China's manufacturing sector plunged to the lowest level in two years in July, adding to further signs of the economic slowdown in the Asian giant in the third quarter.
The Canadian economy shocked markets, as the data showed a fifth negative GDP reading in a row.
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.