According to the Texas Service Sector Outlook Survey, growth in the Texas service sector expanded at a faster pace in July, with the revenue index reaching its highest level in 16 months.

Texas factory activity declined in July, with the production index indicating a modest contraction in output, and the new orders index remaining negative for over a year, according to the Texas Manufacturing Outlook Survey.

The Monetary Authority of Singapore (MAS) has tightened its monetary policy since October 2021 to keep inflation low and ensure medium-term price stability, which helped curb imported inflationary pressures and led to lower domestic inflation, the Business Times reported.