Economy News

Economy

UK Service Sector Faces Sharp Slowdown in April Amid Rising Business Uncertainties

The UK service sector experienced a significant slowdown in April, with the services PMI falling to 49.0, the lowest since January 2023, due to decreased new business and employmen...

Economy

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

The producer price index in the Eurozone and EU fell by 1.6% in March, with energy prices experiencing the sharpest decline. Annual figures show a slight increase, highlighting sec...

Economy

Canada Sees Significant Narrowing in Trade Deficit Amidst Global Economic Shifts in March

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

Economy

US Trade Deficit Surges to $140.5B in March, Marking a Significant Monthly Increase

In March, the US trade deficit increased by 14% 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 si...

Economy

Historic UK-India Free Trade Deal Unlocks Zero-Duty Access for 99% of Indian Exports

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

Economy

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

Germany's services sector contracted in April, with the PMI Business Activity Index falling below the 50.0 threshold for the first time since November, indicating a 14-month low. T...

Economy

Eurozone's Economic Momentum Cools in April: Services Sector Stagnates Amid Manufacturing Surprise

The Eurozone's economic growth slowed in April, with the services sector almost stagnating despite a surprise uptick in manufacturing output, according to a recent report by S&...

Economy

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

Swiss National Bank Chairman Martin Schlegel reaffirms the bank's readiness to intervene in the forex market as the Swiss franc's strength poses risks to price stability, with the ...