Thailand’s headline CPI rose 2.42% year on year in June, slowing from 2.79% in May and coming in below market expectations. Core inflation was 1.23%, while the reading stayed within the Bank of Thailand’s 1%-3% target band. The Commerce Ministry kept its 2026 inflation forecast at 1.5%-2.5%.
Destatis said German manufacturing orders fell 3.8% in April from March after a 5.0% rise in March. Foreign orders dropped 4.2%, led by an 11.1% decline from the euro area, while domestic orders fell 2.9%. Orders excluding large contracts also slipped 3.8%, and real manufacturing turnover edged up 0.1%.
Eurostat reported 10.986 million unemployed people in the euro area in May, down 55,000 from April, while the EU total fell 40,000 to 13.163 million. The euro area rate was down from 6.3% a year earlier. Youth unemployment was 14.7% in the euro area and 15.2% in the EU.
Manufacturing remained in expansion in the euro zone at 51.4, Japan at 54.8 and South Korea at 52.1 in June, while survey reports cited higher energy costs, shortages and shipping delays. Several PMI surveys were largely compiled before the June 17 U.S.-Iran ceasefire memorandum, limiting visibility on post-ceasefire conditions.
Bank of England data for May 2024 showed net approvals for house purchase fell to 60,000 from 60,800 and remortgaging approvals to 29,600 from 29,900. Net mortgage borrowing by households slowed to £1.2 billion from £2.2 billion, while the effective rate on new secured loans rose to 4.79% from 4.74%.
Spain’s Economy Ministry increased its 2026 growth forecast to 2.6% from 2.2% and said output should remain above 2% through 2029 in an updated macro framework required for the 2027 budget. June inflation was reported at 3.2%, with higher electricity and gas prices offset by lower motor fuel prices.
Official data released June 27 showed profits at large industrial firms rose 18.8% in January-May from a year earlier, while May growth eased to 21.1% from 24.7% in April. Revenue increased 5.5%, with profit gains led by electronics and nonferrous metals as autos and utilities lagged.
S&P Global’s August flash PMI showed the composite output index at 55.4, up from 55.1, as manufacturing returned to expansion with the factory PMI at 53.3 from 49.8 and output at a more than three-year high. Services stayed in expansion at 55.4, while hiring and selling prices also increased.
UK consumer price inflation was unchanged at 2.8% year on year in May, while CPIH held at 3.0%, according to official data. Both CPI and CPIH rose 0.2% on the month. Transport added the most upward pressure, while food and non-alcoholic beverages provided the largest offset.
The International Labour Organization adopted its first international convention for gig and platform workers, establishing binding labor standards including protections regardless of employment classification and disclosure of how automated systems affect workers. The convention takes effect in member states 12 months after ratification.
The World Bank said in its latest Global Economic Prospects report that it expects global growth of 2.5% in 2026, down from 2.9% in 2025. It cited higher energy prices, firmer inflation and increased borrowing costs linked to conflict in the Middle East, calling the pace the weakest since 2019.
The World Bank said global growth is projected at 2.5% in 2026, down from 2.9% in 2025, marking the weakest pace since the COVID-19 period. It said a scenario involving larger energy supply disruptions and significant financial market stress could reduce growth to 1.3%.
French President Emmanuel Macron is set to chair a Thursday video conference on global economic imbalances involving G7 members, China and the International Monetary Fund. Other countries invited to the G7 summit, including Brazil, South Korea, India, Kenya and Egypt, are also expected to take part.
The World Bank said Cambodia’s economy remained resilient, with foreign direct investment reaching $5.1 billion, or 10.1% of GDP, in 2025, up 15% from a year earlier. Goods exports excluding gold increased 17.7% year on year in the first quarter of 2026, according to its June update.
The World Bank said data centers consume large amounts of water and electricity and warned Thailand may not yet have a sufficiently developed digital economy to generate economy-wide benefits that offset those resource demands. It also cited the absence of mechanisms to price industrial resource use, including water, as a key challenge.