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Economic activity decelerates in August
Mexico: Economic activity was up 0.6% in seasonally adjusted month-on-month terms in August, following a 0.8% rise in the prior month.
Relative to the prior month's data, the reading for the services sector worsened in August (+0.2% on a seasonally adjusted month-on-month basis vs +1.2% in July). In contrast, readings improved for the industrial sector (+0.6% vs +0.5% in July) and the primary sector (+3.5% vs -1.1% in July).
On a year-on-year basis, economic activity was up 3.3% in August, following 3.4% growth in the prior month.
Industrial production returns to growth in August
Czech Republic: Industrial production rose 0.3% in seasonally adjusted month-on-month terms in August, following a 1.0% fall in the prior month.
Relative to the previous month's figures, the reading for manufacturing improved in August (+1.0% in seasonally adjusted month-on-month terms vs -1.3% in July). In contrast, readings softened for electricity, gas, steam and air conditioning supply (-6.0% vs +0.3% in July) and mining and quarrying (-1.8% vs -1.2% in July).
In working-day adjusted year-on-year terms, industrial production was up 2.6% in August, following 3.1% growth in the previous month.
Inflation picks up in September from the prior month
Hong Kong: Consumer prices increased 1.9% in annual terms in September, following a 1.7% rise in the previous month.
Relative to the previous month's figures, there were higher price pressures for transportation (+5.2% on a year-on-year basis vs +3.9% in August), electricity, gas and water (+12.9% vs +11.5% in August) and clothing and footwear (+0.4% vs 0.0% in August). Finally, the variations in food and non-alcoholic beverages and housing were the same as in the prior month (+0.5% and +0.2%, respectively).
Finally, consumer prices were up 0.36% in September on a month-on-month basis, following a 0.09% increase in the prior month.
Economic activity decelerates in September
Israel: The monthly index of economic activity increased 0.3% in seasonally adjusted month-on-month terms in September, following a 0.4% rise in the prior month. The latest month’s reading is the average growth estimate from the previous three months.
September’s reading was boosted by credit card spending, goods exports—particularly manufacturing—and stock market gains in August and September, alongside stronger retail trade and services receipts in August. However, weaker employment and job vacancy figures in August and indirect tax receipts in September tempered the increase.
Economic activity shrinks in July
Argentina: Economic activity was down 1.7% in annual terms in August, following a 1.5% fall in the prior month. August's reading was the weakest since September 2024 and notably weaker than market expectations.
Relative to the prior month's figures, readings in August softened for agriculture (-1.0% on a year-on-year basis vs +1.0% in July), transport and communications (-2.9% vs -2.3% in July) and hotels and restaurants (+3.1% vs +3.4% in July). In contrast, readings improved for manufacturing (-3.2% vs -4.6% in July) and construction (-2.5% vs -2.7% in July).
In month-on-month terms, economic activity increased 0.1% in August, following a 2.8% decline in the prior month.
Inflation stabilizes in July
Kuwait: Consumer prices rose 2.2% on a year-on-year basis in July, stable from the prior month's reading.
Relative to the previous month's figures, there were higher price pressures for transportation (+5.5% on a year-on-year basis vs +4.8% in June) and food and non-alcoholic beverages (+6.1% vs +5.6% in June). In contrast, there were reduced price pressures for recreation and culture (+1.0% vs +1.1% in June) and clothing (+0.5% vs +0.9% in June). Finally, the variation in housing and utilities prices was the same as in the prior month (+0.2% in July and June).
Finally, consumer prices increased 0.21% in July on a month-on-month basis, following a flat reading in the previous month.
Inflation rises in September from the prior month
United Kingdom: Consumer prices were up 3.5% on a year-on-year basis in September, following a 3.1% increase in the previous month. September's reading was the strongest since October 2025. Moreover, the reading was above market expectations and the Bank of England’s 2.0% target.
Relative to the previous month's data, there were higher price pressures for recreation and culture (+2.3% in annual terms vs +1.6% in August) and transportation (+6.6% vs +4.7% in August). Finally, the variation in food and non-alcoholic beverages prices was the same as in the prior month (+1.3% in September and August).
Meanwhile, core consumer prices increased 2.8% in annual terms in September, following a 2.6% increase in the previous month.
Finally, consumer prices rose 0.35% in September on a month-on-month basis, following a 0.50% increase in the previous month.
Inflation picks up in September from the prior month
Canada: Consumer prices increased 3.1% in annual terms in September, following a 3.0% increase in the previous month. The reading was below market expectations but above the Central Bank’s 1.0–3.0% inflation target range.
Relative to the previous month's figures, there were higher price pressures for housing (+1.8% on a year-on-year basis vs +1.5% in August), transportation (+8.2% vs +7.9% in August) and clothing and footwear (+1.9% vs +1.3% in August). In contrast, there were reduced price pressures for food (+2.2% vs +2.9% in August) and recreation and culture (+4.6% vs +5.6% in August).
Meanwhile, core consumer prices rose 2.2% on a year-on-year basis in September, following a 2.4% increase in the prior month.
Lastly, consumer prices were up 0.12% in September in month-on-month terms, following a 0.06% fall in the previous month.
Economic growth rises in the third quarter of 2026
China: China's GDP increased 4.5% on a year-on-year basis in Q3, following 4.3% growth in the previous quarter and a notch above market expectations. Still, Q3’s reading was one of the weakest in decades outside the pandemic period, with the property sector remaining a major drag. On a seasonally adjusted quarter-on-quarter basis, the economy expanded 1.2% in Q3, following a 0.9% expansion in the previous quarter.