Economy News

Economy

South Korea's Inflation Rate Slightly Dips to 2.1% in July, What Does This Mean for the Economy?

South Korea's annual inflation rate slightly decreased from 2.2% in June to 2.1% in July, with the CPI rising by 0.2% monthly. Excluding fresh food and energy, the CPI increased by...

Economy

Australian Services Sector Soars: July Marks the Highest Activity Since March 2024

The Australian services sector experienced its highest activity level since March 2024 in July, with the S&P Global Australia Services PMI Business Activity Index rising to 54....

Economy

Bank of Japan Highlights Global Economic Uncertainties Amidst Recovery Signs

The Bank of Japan expresses caution over the global economic outlook, with board members acknowledging high uncertainty despite inflation easing expectations. Discussions included ...

Economy

China's Service Sector Bounces Back: July PMI Hits 52.6, Signaling Robust Growth

China's service sector showed remarkable growth in July, with the PMI reaching 52.6, indicating a significant recovery and the fastest growth pace in over a year, according to S&am...

Economy

Japan's Service Sector Bounces Back in July with a Significant Rise in Business Activity Index

Japan's service sector activity increased in July, with the Business Activity Index rising to 53.6, supported by new work orders. The composite PMI also improved slightly. A US-Jap...

Economy

US Factory Orders Take a Sharp Dive in June: A Closer Look at the 4.8% Drop

US factory orders dropped by 4.8% in June, with durable goods orders falling sharply by 9.4%, while nondurable goods saw a slight increase. Shipments and unfilled orders rose, indi...

Economy

German Bond Yields Dip as Fiscal Stimulus and Trade Tariff Uncertainties Stir Market Sentiment

German bond yields fell as investors sought safer options amid tariff uncertainties and after the German government approved a fiscal stimulus package. Manufacturing showed slight ...

Economy

President Trump Alleges Political Manipulation in Latest Jobs Report, Vows Immediate Action

President Trump accuses the latest US jobs report of being politically manipulated to harm Republicans, announcing plans to appoint a new BLS commissioner to ensure future reports'...