Saudi Arabia's seasonally adjusted real gross domestic product fell 4.9% on a quarterly basis in the second quarter, compared with a 1.2% decline in the prior three-month period, flash data from the General Authority for Statistics showed Thursday.
Annually, the Saudi Arabian economy contracted 4.8% during the three-month period, after a 3% increase in the previous quarter.
Britain's total vehicle manufacturing dropped 1.2% year over year to 68,200 units in June, the Society of Motor Manufacturers and Traders said Thursday.Car production slipped 1.3% to 65,483 units, while commercial vehicle output edged up 1% to 2,717 units.For the six months to June, total vehicle manufacturing fell 7.5% annually to 385,979 units.
The Central Bank of the United Arab Emirates on Wednesday maintained the base rate applicable to the overnight deposit facility at 3.65%.Meanwhile, the interest rate applicable to borrowing short-term liquidity was kept at 50 basis points above the base rate for all standing credit facilities.The CBUAE's decision follows the US Federal Reserve's move to maintain the interest rate on reserve balances.
The number of total dwellings approved in Australia in seasonally adjusted terms recorded an increase of 7.2% month on month to 18,328 in June and 8.9% year on year, according to figures from the Australian Bureau of Statistics released on Thursday.The number of total dwellings approved in June 2025 was 17,076, an earlier release showed.Approvals for total dwellings showed mixed results in different states in June, with increases in Queensland, New South Wales, and Western Australia, whereas decreases were noted in Tasmania, Victoria, and South Australia.Private sector houses increased by 0.4% to 10,631 units in June after rising 2.4% in May, while private sector dwellings, excluding houses, saw a rise of almost 18% to 7,138 units after an 11% fall in May.Total residential building value grew past 15% to AU$11.75 billion, while total non-residential building value decreased by about 25% to AU$8.26 billion.