Economy News

Economy

March Sees US Trade Deficit Surge to $140.5B, Marking a Significant Monthly Increase

The US trade deficit increased by 14% in March to $140.5 billion, with exports slightly up by 0.2% and imports rising by 4.4%. Annually, the deficit grew by 92.6%, highlighting sig...

Economy

India Celebrates Historic UK Trade Deal: 99% of Exports to Enjoy Zero-Duty Access

India's Trade Ministry celebrates a historic free trade agreement with the UK, ensuring 99% of Indian exports enjoy zero-duty access. Key sectors like textiles, IT, and financial s...

Economy

German Services Sector Contracts in April Amid Economic Uncertainty, Marking a 14-Month Low

The German services sector contracted in April, with the PMI falling to a 14-month low of 49.0, amid weaker demand and economic uncertainties, while the Composite PMI barely avoide...

Economy

Eurozone's Business Activity Faces a Slowdown in April: A Closer Look at the PMI Trends

The Eurozone's private sector activity growth slowed in April, with the composite PMI falling to 50.4 and services PMI to 50.1, indicating near stagnation, despite a slight uptick ...

Economy

Swiss National Bank on High Alert: Ready to Intervene as Franc Strengthens

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

Economy

UK Service Sector Faces Sharp Slowdown in April Amid Rising Business Uncertainties

The UK service sector experienced a significant slowdown in April, with the services PMI falling to 49.0, the lowest since January 2023, due to decreased new business and employmen...

Economy

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

The producer price index in the Eurozone and EU fell by 1.6% in March, with energy prices experiencing the sharpest decline. Annual figures show a slight increase, highlighting sec...

Economy

Canada Sees Significant Narrowing in Trade Deficit Amidst Global Economic Shifts in March

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