Economy News

Economy

April's Economic Slowdown: German Services Sector Contracts Amid Rising Uncertainty

Germany's services sector contracts in April, with the PMI dropping below 50 for the first time since November, amid weaker demand and uncertainty. The composite PMI shows marginal...

Economy

Eurozone's Economic Momentum Fades: April PMI Data Reveals Slowing Growth Across Sectors

April's PMI data indicates a slowdown in Eurozone's economic growth, with services sector stagnating and manufacturing unable to offset the decline, according to S&P Global and...

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...

Economy

UK Service Sector Faces Contraction in April Amid Global Economic Uncertainty

The UK's service sector slowed in April, with PMI falling to 49.0, the lowest since January 2023, due to reduced new business and employment. Experts cite global economic uncertain...

Economy

Eurozone and EU Producer Prices See Significant Drop in March, Energy Sector Hit Hardest

In March, the Eurozone and EU saw a 1.6% drop in producer prices, with energy prices falling the most by 5.8% in the Eurozone and 5.5% in the EU. Annually, prices increased slightl...

Economy

Vietnamese Durian Farmers Face Tough Times as China Ramps Up Inspections and Global Competition Heats Up

Vietnamese durian exports to China are under severe pressure due to increased inspections, leading to longer clearance times and quality issues. Prices have dropped by 30%, and exp...

Economy

Switzerland's Unemployment Holds Steady at 2.8% in April, Youth Figures Show Slight Improvement

Switzerland's unemployment rate remained steady at 2.8% in April, with a slight improvement in youth unemployment. However, the number of unemployed individuals rose by 1.4% from M...

Economy

France's Industrial Sector Shows Modest Growth in March Amid Mixed Performance Across Sectors

French industrial production edged up by 0.2% in March, driven by strong performances in transport equipment and automotive sectors, despite declines in capital goods and energy pr...