China’s economy expanded 6.3% in the second quarter from a year ago, official data showed on Monday. 

Gross domestic product (GDP) grew 0.8% in April-June from the first quarter, data from the National Bureau of Statistics showed on Monday.  

China's GDP grew 5.5% year on year in the first half of 2023. 

Youth unemployment rate among people aged 16 to 24 reached 21.3% in June while urban unemployment stood at 5.3% in the first half of the year. 

China’s industrial output expanded 4.4% in June from a year ago, up from 3.5% in May, official data showed on Monday. 

Retail sales rose 3.1% in June, down from a 12.7% expansion in May. 

Industrial output grew 3.8% in the first half of the year while retail sales expanded 8.2% in the period. 

China’s property investment fell 7.9% in the first six months of the year, data from the National Bureau of Statistics showed on Monday. 

New construction projects measured by floor area dropped 24.3% year on year while property sales measured by floor area fell 5.3% in the first six months of the year.  

Fewer Chinese cities reported month-on-month increases in home prices in June, data from the National Bureau of Statistics showed on Saturday.

Of the 70 surveyed cities, 31 saw month-on-month increases in new home prices in June, down from 46 cities in May. 

Only seven cities saw price increases in existing homes, down from 15 in May. 

New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen, and Guangzhou -- stayed flat in June, down from a 0.1% growth in May.

China issued guidelines on boosting the growth of the private economy, promising to improve its business environment, enhance policy support, and strengthen the legal guarantee for its development.

In a document issued by the Communist Party of China Central Committee and the State Council, authorities vowed to help grow, improve and strengthen the private economy so that it can play a bigger role in advancing national rejuvenation.

China will work to remove barriers in market access and fully implement policies and mechanisms for fair competition, the guideline said. 

Twenty-five countries, including some of the world’s biggest economies, have halved their poverty indices, but lack of post-COVID-19 pandemic data obscures the situation facing almost a billion people globally, a new United Nations-University of Oxford study has found. 

According to the updated global Multidimensional Poverty Index released by the UN Development Programme (UNDP) and the Poverty and Human Development Initiative at the University of Oxford, progress was seen in India, where 415 million people exited poverty in just 15 years, as well as in China (69 million) and Indonesia (8 million).

But the lack of data for most of the 110 countries covered by the index restricts the understanding of just how deeply the pandemic has impoverished millions, highlighting the urgent need to strengthen data collection.

The U.S. Federal Reserve launched an instant payments service， which will allow Americans to send and receive funds instantly, the central bank said on Thursday. 

"The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient," said Federal Reserve Chair Jerome H. Powell.

The Fed said 35 early-adopting banks and credit unions, as well as the U.S. Department of the Treasury's Bureau of the Fiscal Service, are ready with instant payments capabilities via the FedNow Service. In addition, 16 service providers are ready to support payment processing for banks and credit unions.

Eurozone inflation eased further in June according to data by Eurostat on Wednesday. 

Euro area annual inflation was 5.5 % in June 2023, down from 6.1 % in May 2023.

Food, alcohol & tobacco rose 11.6 % in June while energy prices fell 5.6%. Food, alcohol & tobacco and energy account for around 20.0 % and 10.2 %, respectively.

South Korea's annual producer prices fell in June for the first time in 31 months, central bank data showed on Friday.

The producer price index (PPI) fell 0.2% in June from a year ago, data from the Bank of Korea showed.  The PPI dipped 0.2% in June on a monthly basis.