In Western Europe, the economy of Germany is decelerating gradually, but certain movements towards recovery are observed. The economy of the United Kingdom decelerates, indicating, however, some movements for recovery. Industrial production in both Germany and the United Kingdom is on a decrease trend, but its pace comes to be slower. Expansion of industrial production has been almost at the same level in France. The unemployment rates in both Germany and France, though remaining each still at high levels, have declined in a degree, while the rate remains at a low level in the United Kingdom.
Prices remain stable.
In East Asia, expansion of the Chinese economy recently slows. The Korean economy continues to move towards recovery. Reviewing the international commodity market in July, the CRB commodity forward indices, which took on a falling trend till mid-July, marking the first record below 185 points in five months, were restored, afterwards, to the level at the month's beginning.