Economy News

Economy

Eurozone's Economic Momentum Cools in April: Services Stagnate as Manufacturing Offers a Glimmer of Hope

Eurozone's private sector growth slowed in April, with services nearly stagnating and manufacturing showing a slight uptick, according to S&P Global and HCOB. The composite PMI...

Economy

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

The Swiss National Bank reaffirms its readiness to intervene in the forex market as the Swiss franc's appreciation poses risks to price stability, with the currency remaining stabl...

Economy

UK Service Sector Faces Significant Slowdown in April Amid Global Economic Uncertainty

The UK service sector contracted in April for the first time in eighteen months, with the services PMI falling to 49.0. The decline was attributed to reduced new business and emplo...

Economy

Eurozone and EU Witness a Significant 1.6% Drop in Producer Prices in March

In March, the Eurozone and EU saw a 1.6% monthly drop in producer prices, with energy prices falling sharply by 5.8% and 5.5% respectively. Annually, prices rose slightly by 1.9% i...

Economy

Switzerland's Unemployment Rate Holds Steady at 2.8% in April Amid Economic Challenges

Switzerland's unemployment rate remained steady at 2.8% in April, with a slight increase in the number of unemployed people compared to March and a significant rise year-over-year....

Economy

March Sees Modest Rise in French Industrial Production Led by Transport Equipment

French industrial production saw a 0.2% increase in March, driven by transport equipment manufacturing. Despite growth in some sectors, yearly comparisons show an overall decline.

Economy

Spain Sees Significant Drop in Unemployment: A 2.61% Decrease in April

Spain's unemployment rate dropped by 2.61% in April, the largest decrease since May 2022, with significant improvements across all economic sectors.

Economy

EU Unveils Bold Zero-Tariff Proposal for US Industrial Goods to Ease Trade Tensions

The EU has proposed a zero-tariff agreement with the US to eliminate duties on industrial goods, aiming to ease trade tensions and strengthen supply chains. This comes as bilateral...