The Philippines recorded net foreign direct investment (FDI) inflows of $590 million in February, according to data released by the Bangko Sentral ng Pilipinas on Tuesday.
The United States emerging as the largest source of investments.
Firms in the financial and insurance sector attracted the biggest share of inflows during the month.
Cumulative FDI net inflows for January and February stood at $1 billion, the central bank said.
China's logistics sector contracted in April, with the index tracking the market falling to 49.7% from 50.2% in March, according to the China Federation of Logistics and Purchasing.The new orders index rose for a second consecutive month to 49.8%.The business activity expectations index stood at 56.3%, remaining in expansion territory for four straight months.The postal and express delivery industry posted a total business volume index of 69.6%, sustaining high growth momentum.
Retail sales in the UK dropped 3.4% year over year on a like-for-like basis in April, against the 3.1% rise in the previous month, according to data from the British Retail Consortium published Tuesday.The reading, which missed market expectations of a 0.8% increase, marked the first fall in retail activity since November 2024.BRC attributed the contraction to the Easter shift and weak consumer confidence amid the Middle East conflict.
Business confidence in Australia rose 5 points to negative 24 in April, driven by partial recoveries in retail, construction, and recreation and personal services, although trend confidence remained strongly negative across all industries and regions, National Australia Bank (ASX:NAB) said in a Tuesday report.Business conditions fell by 3 points to 3 index points, marking a fourth straight monthly decline and remaining well below the long-run average, while employment declined, profitability remained flat, and trading conditions weakened.The April survey shows that the energy price shock is creating challenges for businesses, with rising cost pressures and a weakening outlook for future demand, said Gareth Spence, NAB head of Australian economics.Conditions declined across most industries, with slight improvements in manufacturing and retail, while by state, they rose by 12 points in Victoria but fell in all other regions.Capacity utilization fell to around 83%, its lowest level since July 2025, but still above its long-run average, while forward orders dropped by 4 points in April and capital expenditures fell by 8 points.Purchase costs rose to 4.5% on a quarterly equivalent basis, while labor costs edged up to 1.7%, product prices increased to 1.8%, and retail prices increased 3.2% to reach a multi-year high.