Economy News

Economy

UK Government and Carmakers to Discuss US Tariffs Impact on British Auto Exports

British automobile companies and the UK government are meeting to discuss the impact of US President Donald Trump's 25% tariff on foreign-made cars, seeking exemptions over counter...

Economy

Germany's Unemployment Rate Dips to 6.3% in March, Marking a Slight Improvement

Germany's unemployment rate slightly decreased to 6.3% in March, with a mixed trend in the number of unemployed individuals compared to previous months and the same period last yea...

Economy

March Sees a Sharp Decline in Italian Consumer Confidence: What's Behind the Drop?

Italy's consumer confidence index fell sharply in March to 95, below analysts' expectations, with declines across economic indicators. However, retail and construction sectors show...

Economy

Surprising 2.2% Surge in UK Retail Sales This February: What's Driving the Growth?

UK retail sales volumes rose by 2.2% in February year-on-year, with household goods leading the surge. Despite missing expectations, the figures indicate a resilient consumer secto...

Economy

UK's Trade Deficit Surges to £10.2 Billion in Q4 2024, Marking a Significant Economic Shift

The UK's trade deficit increased to £10.2 billion in Q4 2024, with goods trade deficit widening and services surplus slightly improving. Exports declined while imports grew.

Economy

Post-Election Stability in Germany: Consumer Sentiment Holds Steady Amid Economic Uncertainties

Germany's consumer sentiment remains steady post-election, with a slight improvement in economic and income expectations overshadowed by increased saving intentions, reflecting ong...

Economy

France's Inflation Holds Steady at 0.8% in March, Defying Analyst Predictions

France's inflation rate remained constant at 0.8% in March, with slight increases in service costs offset by drops in energy and manufactured goods prices. Monthly inflation and HI...

Economy

February Sees a 0.4% Drop in French Producer Prices, Signaling Economic Shifts

French producer prices fell by 0.4% in February year-over-year, with a sharper 1.4% drop in the domestic market. Monthly data also shows declines, but excluding energy, prices actu...