Greece's economy surprisingly grew both on an annual and quarterly basis in the second quarter, escaping technical recession, whereas unhealthy high unemployment, deep deflation and political woes were expected to take a toll on the debt-stricken country's economy.
USThe US economy grew more than previously estimated in the second quarter, supported by robust consumer and business spending. The world's number one economy expanded at an annual rate of 3.7% in the April-June quarter, more than a percentage point greater than the 2.3% originally estimated. It was the strongest growth since last summer and marked a great improvement from
Japan's retail sales rose more than expected in July, adding to tentative signs consumption will support the economy and drive it back to growth in the third quarter.
The US economy grew more than previously estimated in the second quarter, supported by robust consumer and business spending.
Business morale in France rose to the highest level in four years amid low oil prices and a weaker Euro.
The People's Bank of China injected 140 billion yuan into China's economy on Wednesday, in latest attempt to prop up slowing economic growth, fuelling investors concerns over a "hard landing".
Australian capital expenditure dropped in the second quarter, but outlook for planned investment improved slightly.
UK annual retail sales growth surprisingly increased this month, due to significantly low cost of living and rising real earnings.
Orders for US long-lasting manufactured goods increased in July, while demand in a category that tracks business investment plans surged the most in 13 months.
New Zealand trade deficit widened in July as imports continued to increased, though dairy exports rose for the first time in nearly a year. The country booked a NZ$649 million shortfall for July and a NZ$2.69 billion trade gap for the year ended in July, according to Statistics New Zealand.
Reserve Bank of Australia Governor Glenn Stevens said that even though the Australian economy has been growing, the pace of expansion has not been strong enough, calling on reform, instead of monetary policy to ensure higher production.
US consumer confidence rose more than expected in August to the second-highest level in eight years as Americans held a more favourable view of the labour market.
German business morale improved more than expected in August as companies remained confident the Euro zone's number one economy is resilient enough to withstand China's slowdown.
New Zealand inflation expectations rose slightly last quarter, albeit remaining below the Reserve Bank of New Zealand's 2% annual inflation target midpoint.
The UK economy is predicted to remain resilient this year supported by "twin engine" of increased household spending and strong investment growth, according to the Confederation of British Industry, which forecasts an interest rate hike in early 2016.
Lawrence Summers, a former Treasury Secretary, opposed an interest rate hike this year, as it may risk bringing some parts of the financial system into crisis and leading to unpredictable and dangerous outcome.
Activity in Japan's manufacturing sector rose at the fastest pace in seven months in August as domestic orders increased, suggesting the world's third biggest economy is recovering after a contraction in the second quarter.
Canada's inflation accelerated to the fastest this year in July amid surge in food and automobiles and a weaker drag from lower gasoline prices.
Activity in the US manufacturing sector surprised to the downside in August, as factory output growth slowed from the quickest pace in three months.
Activity in the Euro zone manufacturing sector remained robust in August, while services also kept momentum.
Greece repaid 3.4 billion euros to the ECB last week, as Euro zone finance ministers disbursed 13 billion euros to Athens and set aside another 10 billion euros to recapitalize the Greek cash-deprived banks.
Business activity in China's manufacturing sector unexpectedly dropped to the lowest level in six-and-a-half years in August despite Beijing efforts to kick-start the economy.
Switzerland's exports declined last month as a strong Franc curtailed demand in the European Union and Asia for Swiss chemicals, pharmaceuticals, machinery and watches.
UK retail sales increased in July, with low inflation and faster wage growth supporting consumer spending.