Singapore Inflation Rises, Spanish Recession Slowed in 2nd Quarter of 2013

South east Asian economic latest update, Singapore Inflation Rises In June; MAS Cuts Inflation Outlook, Singapore's annual inflation accelerated as expected in June, mainly due to a pick up in petrol pump prices. But, the Singapore central bank reduced its inflation estimate for this year citing sharper-than-expected decline in car prices. According to a combined statement from the Ministry of Trade and Industry and the Monetary Authority of Singapore released on Tuesday, inflation rose to 1.8 percent

From London economic latest update, U.K. Mortgage Approvals Highest Since January 2012, U.K. mortgage approvals continued its upward trend hitting the highest level since January 2012, as lending schemes initiated to revive credit supply and the property market boosted first-time home buyer demand. Mortgage approvals rose to 37,278 in June from 36,290 in May, the British Bankers' Association said Tuesday. But, the figure was below the 38,300 level forecast by economists

Meanwhile from Madrid we reporting, Spain Recession Eases In Q2, Spanish recession slowed in the second quarter of 2013, thanks to the improvement in the external sector. Gross domestic product declined 0.1 percent quarter-on-quarter in the three months to June, slower than a 0.5 percent fall seen in the first quarter, preliminary estimates from the Bank of Spain showed on Tuesday