Economy News

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% drop in producer prices, with energy prices leading the decline. Annual figures, however, showed a rise, indicating mixed economic signals.

Economy

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

The US trade deficit increased by 14% in March, reaching $140.5 billion, with exports slightly up by 0.2% and imports growing by 4.4%. Annually, the deficit surged by 92.6%, reflec...

Economy

April Sees a Sudden Halt in German Business Activity, Signaling Economic Uncertainty Ahead

In April, Germany's services sector contracted, with the PMI dropping below 50 for the first time since November, indicating a 14-month low. The Composite PMI also fell, reflecting...

Economy

Eurozone's April Business Activity Shows Signs of Slowing Down: A Closer Look

The Eurozone's private sector activity growth slowed in April, with the composite PMI falling to 50.4 and services PMI dropping to 50.1. Experts attribute this to a near stagnation...

Economy

Swiss National Bank Alerts Market: Ready to Intervene as Franc Strengthens

Swiss National Bank Chairman Martin Schlegel reaffirms the bank's readiness to intervene in the foreign exchange market amid the Swiss franc's significant appreciation, aiming to p...

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 the PMI dropping to 49.0, due to declining new business and employment. Export conditions were parti...

Economy

March Sees a Sharp 1.6% Drop in Eurozone Producer Prices, Energy Sector Hit Hardest

In March, the Eurozone and EU saw a 1.6% monthly drop in producer prices, with energy prices falling the most. Annually, prices rose by 1.9% in the euro area and 2.1% in the EU. Se...

Economy

Canada's Trade Deficit Shows Significant Improvement in March Amid Global Economic Shifts

Canada's trade deficit narrowed to 942 million Canadian dollars in March from 2.1 billion in February, with exports and imports both declining. The goods trade deficit improved sig...