Economy News

Economy

UK Service Sector Faces Contraction in April Amid Global Economic Uncertainty

The UK service sector contracted in April for the first time in 18 months, with the PMI dropping to 49.0, due to declining new business and employment. Export conditions were parti...

Economy

March Sees a Sharp 1.6% Drop in Eurozone Producer Prices, Energy Sector Hit Hardest

In March, the Eurozone and EU saw a 1.6% monthly drop in producer prices, with energy prices falling the most. Annually, prices rose by 1.9% in the euro area and 2.1% in the EU. Se...

Economy

Canada's Trade Deficit Shows Significant Improvement in March Amid Global Economic Shifts

Canada's trade deficit narrowed to 942 million Canadian dollars in March from 2.1 billion in February, with exports and imports both declining. The goods trade deficit improved sig...

Economy

March Sees US Trade Deficit Surge to $140.5B, Marking a Significant Monthly Increase

The US trade deficit increased by 14% in March to $140.5 billion, with exports slightly up by 0.2% and imports rising by 4.4%. Annually, the deficit grew by 92.6%, highlighting sig...

Economy

India Celebrates Historic UK Trade Deal: 99% of Exports to Enjoy Zero-Duty Access

India's Trade Ministry celebrates a historic free trade agreement with the UK, ensuring 99% of Indian exports enjoy zero-duty access. Key sectors like textiles, IT, and financial s...

Economy

German Services Sector Contracts in April Amid Economic Uncertainty, Marking a 14-Month Low

The German services sector contracted in April, with the PMI falling to a 14-month low of 49.0, amid weaker demand and economic uncertainties, while the Composite PMI barely avoide...

Economy

Eurozone's Business Activity Faces a Slowdown in April: A Closer Look at the PMI Trends

The Eurozone's private sector activity growth slowed in April, with the composite PMI falling to 50.4 and services PMI to 50.1, indicating near stagnation, despite a slight uptick ...

Economy

Swiss National Bank on High Alert: Ready to Intervene as Franc Strengthens

Swiss National Bank Chairman Martin Schlegel reaffirms the central bank's readiness to intervene in the foreign exchange market due to the Swiss franc's significant appreciation, p...