Economy News

Economy

UK's Private Sector Faces Sharp Decline in April Amid Global Demand Slump and Rising Costs

The UK's private sector activity experienced a sharp decline in April, with the composite PMI dropping to 48.2, the lowest since November 2022. Manufacturing and services sectors b...

Economy

Eurozone Construction Output Takes a Hit: A 0.5% Drop in February Sparks Economic Concerns

The Eurozone's construction output fell by 0.5% in February, with the EU seeing a 0.4% decrease. Year-over-year, there was a slight increase. Sector-specific declines were noted, w...

Economy

Eurozone's Trade Surplus Skyrockets to €24B in February, Outshining Previous Months

The Eurozone's trade surplus surged to €24 billion in February, with exports and imports showing significant year-over-year growth. The EU also reported a higher trade surplus, ref...

Economy

Germany's Economic Slowdown Deepens: Composite PMI Hits Four-Month Low in April

Germany's private sector activity shows a significant slowdown, with the Composite PMI Output Index dropping to a four-month low of 49.7 in March. The Services PMI hits a 14-month ...

Economy

April Sees a Dip in Eurozone Business Activity: Manufacturing Resilience vs. Service Sector Slowdown

The Eurozone's business activity showed mixed results in April, with manufacturing resilience contrasting a service sector slowdown, according to S&P Global and HCOB's latest P...

Economy

UK Economic Slowdown: Private Sector Activity Hits Record Low Amid Global Trade Fears

UK's private sector activity has entered contraction in April, with PMI figures hitting multi-month lows across manufacturing and services sectors, driven by global trade worries a...

Economy

Eurozone's Construction Sector Faces a Slight Setback with a 0.5% Output Drop in February

The Eurozone's construction output declined by 0.5% in February, with building construction hit the hardest. Despite this, year-on-year comparisons show slight growth.

Economy

Eurozone's Trade Surplus Soars to €24B in February, Marking a Significant Economic Upturn

The Eurozone's trade surplus reached €24 billion in February, showing significant growth from previous months and years, with exports and imports both experiencing robust increases...