Economy News

Economy

March Sees a Surge: German Factory Orders Jump 3.6%, Signaling Economic Resilience

Germany's factory orders rose by 3.6% in March, with significant growth in both domestic and foreign orders. Key sectors like electrical equipment, machinery, and pharmaceuticals s...

Economy

France's Trade Deficit Narrows to €6.25 Billion in March, Signaling Economic Resilience

France's trade deficit improved to €6.25 billion in March, down from February's revised €7.7 billion, with exports rising by 5.6% and imports by 2.3%. The energy deficit decreased,...

Economy

UK Construction Sector Shows Signs of Recovery with Slight PMI Increase in April

The UK construction sector showed a slight recovery in April with a minor increase in the PMI, indicating a slower decline in activity. Civil engineering lagged, while residential ...

Economy

Eurozone Retail Sales Dip Slightly in March, Revealing Mixed Sector Performances Across EU

In March, Eurozone and EU retail trade slightly declined by 0.1% month-on-month but showed year-on-year growth. Sector performances varied, with automotive fuel sales rising and fo...

Economy

Federal Reserve Expected to Maintain Steady Interest Rates Amid Inflation Concerns

The Federal Reserve is expected to hold interest rates steady at its May meeting, focusing on inflation control despite economic slowdown and political pressures for rate cuts.

Economy

Surprising 11% Spike in US Mortgage Applications Signals Market Shift

The US mortgage applications surged by 11% in the week ending May 2, with a decrease in interest rates and increases in Purchase and Refinance Indexes, signaling a vibrant mortgage...

Economy

German Chancellor Urges Swift EU Ratification of Mercosur Trade Deal Amid Opposition

German Chancellor Friedrich Merz calls for rapid EU ratification of the Mercosur trade deal during his visit to Paris, facing opposition from France and Poland, and concerns from o...

Economy

German Chancellor Urges Immediate EU Ratification of Mercosur Trade Deal Amidst Opposition

German Chancellor Friedrich Merz advocates for the quick ratification of the EU-Mercosur trade deal during his visit to Paris, despite facing opposition from several EU member stat...