Economy News

Economy

Surprising 1.4% Surge in US Retail Sales This March Outpaces Expectations

US retail sales rose by 1.4% in March, reaching $734.9 billion, exceeding expectations. Year-over-year growth was 4.6%, with motor vehicle and parts dealers leading at 8.8% increas...

Economy

WTO Predicts a Slight Decline in Global Goods Trade by 2025 Amid Rising Uncertainties

The WTO forecasts a 0.2% contraction in global merchandise trade for 2025, with North America's exports expected to plummet by 12.6%. A potential 1.5% decline looms if trade wars w...

Economy

March Sees a 0.3% Dip in US Industrial Production Amid Mixed Sector Performances

In March, US industrial production decreased by 0.3%, influenced by a 5.8% drop in utilities due to warmer weather. Manufacturing and mining grew slightly, and business equipment s...

Economy

Bank of Canada Holds Interest Rate Steady at 2.75% Amid Global Trade Tensions

The Bank of Canada has kept its interest rate at 2.75% due to uncertainties from US tariff policies and global trade tensions, affecting economic growth and inflation expectations.

Economy

April Brings a Slight Uplift in US Home Builder Confidence Amid Market Fluctuations

April sees a slight improvement in US home builder confidence, with current sales conditions improving but future expectations dipping. Prospective buyer traffic shows a minor incr...

Economy

April Sees a Slight Uplift in US Home Builder Confidence Amid Market Fluctuations

In April, US home builder confidence slightly improved to 40, with current sales conditions rising to 45. However, future sales expectations dipped to 43, while prospective buyer t...

Economy

Bank of Canada Holds Interest Rates Steady Amid Global Trade Tensions and Economic Uncertainty

The Bank of Canada decides to hold its policy rate at 2.75%, amid global trade tensions and economic uncertainties, focusing on balancing growth and inflation.

Economy

March Sees a 0.3% Dip in US Industrial Production Amid Mixed Sector Performances

US industrial production fell by 0.3% in March, with a notable drop in utilities due to warmer weather. However, manufacturing and mining saw slight increases, and business equipme...