OUTPUT, DEMAND AND JOBS

OUTPUT, DEMAND AND JOBS America's GDP continued to surge, growing by 6.0% in the year to the second quarter. The 12-month rate of increase in Japan's industrial production slowed in June, to 7.0%, and its unemployment rate rose to 4.7%. Growth in the euro area's retail-sales volume slowed to 3.7% in the year to May; the area's jobless rate fell to 9.1% in June.