20110810 1220 Global Economic Related News.

U.S: Productivity in 2Q11 declines for second straight quarter. The measure of employee output per hour fell at a 0.3% annual rate in the second quarter after a revised 0.6% drop in the prior three months. Expenses per employee climbed at a 2.2% rate. (Source: Bloomberg)

U.S: Small-Business index declined in July to 10-month low as the outlook for sales and the economy dimmed. The National Federation of Independent Business's optimism index declined to 89.9, the lowest level since September, from 90.8 in June, the Washington-based group said. (Source: Bloomberg)

U.K: Factory output unexpectedly fell in June and the trade gap widened, adding to evidence that the economic recovery is faltering. Factory output declined 0.4% MoM from the previous month, when it rose 1.8% MoM. The goods trade gap widened as falling exports outpaced a drop in imports. (Source: Bloomberg)

Germany: Exports declined in June, adding to signs Europe's economy is losing momentum. Exports, adjusted for work days and seasonal changes, fell 1.2% MoM from May, when they increased 4.4% MoM. (Source: Bloomberg)

China: Inflation accelerated to the fastest pace in three years in July. Consumer prices climbed 6.5% YoY as food costs surged, reports from the Beijing-based National Bureau of Statistics showed. (Source: Bloomberg)

Indonesia: Central bank left interest rates unchanged for a sixth month. Bank Indonesia maintained its reference rate at 6.75%, it said in Jakarta. (Source: Bloomberg)

Australia: Business confidence stayed near a six-month low in July. The confidence index rose to 2 from zero in June, according to a National Australia Bank Ltd. survey that was released in Sydney. The business conditions gauge, a measure of hiring, sales and profits, slid to minus 1 from 2. (Source: Bloomberg)