Economy News

Economy

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

Spain's unemployment rate decreased by 2.61% in April, with 67,420 fewer unemployed people, marking the lowest decline since May 2022. Sectors like agriculture and services saw sig...

Economy

EU Proposes Groundbreaking Zero-Tariff Agreement with US to Strengthen Industrial Trade

The EU has proposed a zero-tariff deal with the US to eliminate duties on industrial goods, aiming to bolster supply chains and mitigate trade tensions. Bilateral trade reached €1....

Economy

German Economy Faces Setback as Services Sector Contracts in April, Marking a 14-Month Low

Germany's services sector contracted in April, with the PMI Business Activity Index falling to 49.0, a 14-month low. The Composite PMI Output Index slightly grew to 50.1, supported...

Economy

Eurozone's Private Sector Growth Decelerates in April: A Closer Look at PMI Trends

The Eurozone's private sector growth slowed in April, with PMI indices showing declines. Experts note a near stagnation in the services sector and an insufficient manufacturing upt...

Economy

Swiss National Bank Stands Ready to Intervene as Franc Strengthens, Risks Price Stability

Swiss National Bank Chairman Martin Schlegel reaffirms the bank's commitment to intervene in the forex market if necessary, as the Swiss franc's strength poses risks to price stabi...

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 PMI dropping to 49.0, due to decreased new business and employment, amid global economic uncertainty...

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% decline in producer prices monthly, with energy prices dropping significantly. Annually, prices rose by 1.9% in the euro area and 2.1% in t...

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% decrease in producer prices month-over-month, while annual figures showed a rise of 1.9% and 2.1% respectively, highlighting mixed economic...