GDP

ITALY

Germany's economic growth cooled to 0.3% in the second quarter, down from 0.5% expansion in Q1, the Federal Statistical Office has announced in its final reading.

The eurozone will fall back into recession in the third quarter, posting a 0.5%-0.6% contraction, PMI data has estimated.

EUROPE

LATIN AMERICA

UK retail sales have posted a surprise rise in July, up 0.3% from June, beating analysts' expectations of a more modest 0.1% increase.

Better-than-expected German and French GDP figures have failed to offset peripheral weakness as the eurozone contracted by 0.2% in the second quarter.

The UK economy has been given a surprise boost after the latest official data from the construction sector showed a smaller decline in output than previously announced.

ASIA

EMERGING MARKETS