Economy News

Economy

UK Service Sector Hits a Snag: April's PMI Drops to Lowest Since Early 2023

The UK service sector experienced a slowdown in April, with the services PMI falling to 49.0, indicating contraction for the first time in one-and-a-half years due to declining new...

Economy

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

The Eurozone and EU saw a 1.6% drop in producer prices in March, with energy prices leading the decline. Annual figures, however, showed a slight increase. Sector-wise variations w...

Economy

March Sees US Trade Deficit Surge to $140.5B, Marking a Significant Economic Shift

The US trade deficit rose sharply by 14% in March to $140.5 billion, with exports slightly increasing by 0.2% and imports jumping by 4.4%. Annually, the deficit grew by 92.6%, high...

Economy

Carney and Trump Engage in Constructive Talks on Trade, Tariffs Decision Postponed

Canadian Prime Minister Mark Carney and US President Donald Trump had constructive talks on trade, with no immediate decisions on tariffs. Carney emphasized Canada's sovereignty am...

Economy

Carney and Trump Discuss Tariffs: Constructive Talks but No Immediate Decisions

Canadian Prime Minister Mark Carney and US President Donald Trump held constructive talks on tariffs, with no immediate decisions made. Carney emphasized Canada's sovereignty, whil...

Economy

April Sees a Sharp Decline in German Business Activity, Signaling Economic Uncertainty

In April, Germany's services sector contracted, with the Services PMI falling to 49.0, below the growth threshold for the first time since November. The Composite PMI also dipped, ...

Economy

Eurozone's Economic Momentum Dips in April as Services Sector Stagnates

The Eurozone's private sector growth slowed in April, with the services sector nearly stagnating. Despite a slight uptick in manufacturing, the overall economic momentum dipped, ac...

Economy

UK Service Sector Hits a Snag: April's PMI Drops to Lowest Since Early 2023

The UK service sector contracted in April for the first time in 18 months, with the PMI dropping to 49.0 due to weak new business and employment. Export conditions were particularl...