ユーロ圏ウォーラー連銀議長のスピーチ

カナダ卸売販売前月比ファイナル

アメリカニューヨーク州エンパイアステート製造業指数

カナダ新しい自動車販売

The annual inflation rate in Croatia stood at 4.1% in August 2025, unchanged from July and holding at its highest level since March 2024, confirming preliminary estimates. The biggest price pressures came from housing and utilities, where inflation accelerated to 8.1% from 6.0% in July, driven by higher electricity and gas costs. Inflation also edged higher for alcoholic beverages and tobacco (5.6% vs 5.5%), while communication costs turned slightly positive (0.1% vs -0.6%). By contrast, price growth slowed for food and non-alcoholic beverages (6.3% vs 6.9%), restaurants and hotels (7.5% vs 7.6%) and miscellaneous goods and services (5.4% vs 6.1%). Meanwhile, deflation persisted in clothing and footwear (-0.6% vs -1.9%) and transport (-1.3% vs -0.9%), while prices stalled for furnishings and household equipment (0.0% vs 1.1%). On a monthly basis, consumer prices rose 0.1% in August, the lowest level in six months, after a 0.4% gain in July.

Croatia Inflation Steady at 4.1% in August

Construction output in Greece grew by 7.2% year-on-year in the second quarter of 2025, rebounding from an upwardly revised 3.8% decline in the previous quarter. Production rose for building construction (9.3% vs 4.6% in Q1), while output growth recovered sharply for civil engineering (17.6% vs -10.4%). In addition, contraction eased for specialized construction (-3.5% vs -4%). On a quarterly basis, construction output accelerated by 44% in the June quarter, rebounding from a 51% plunge in the preceding period.

Greece Construction Output Growth Rebounds in Q2

The Euro Area trade surplus narrowed to €12.4 billion in July 2025, down from €18.5 billion a year earlier, but slightly above market expectations of €11.7 billion. Imports climbed 3.1% to €239.1 billion, their highest level since March, driven by stronger purchases of food & drink (+9.3%), chemicals (+10.6%), and machinery & vehicles (+2.0%). Meanwhile, exports increased 0.4% to €251.5 billion, supported by rising shipments of food & drink (+2.8%) and machinery & vehicles (+3.5%), but weighed down by declines in raw materials (-4.7%), fuels & lubricants (-18.5%), and chemicals (-6.0%).

Euro Area Trade Surplus Narrows on Rising Imports

Manufacturing production in Hong Kong rose 0.9% year-on-year in the second quarter of 2025, slightly accelerating from a 0.7% gain in the previous period. Output growth rebounded in food, beverages, and tobacco (2.0% vs -0.3% in Q1 2025) and edged up slightly in miscellaneous manufacturing industries (0.7% vs 0.8%). However, the gains were partially offset by a contraction in textiles and wearing apparel (-5.7% vs 0.9%), alongside slower growth in paper products, printing, and reproduction of recorded media (1.5% vs 2.9%) and in metal, computer, electronics, and optical products, machinery, and equipment (0.2% vs 2.3%). On a seasonally adjusted quarterly basis, manufacturing output increased 0.3% in Q2 2025, rebounding from a 0.5% contraction in the previous quarter.

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