Economy News

Economy

Spain's Inflation Slightly Adjusted Down to 2.9% in January: A Closer Look

Spain's inflation rate for January was revised down to 2.9% from a preliminary 3%, with transportation and housing prices being the main contributors. The Harmonized Index of Consu...

Economy

Eurozone Sees Marginal GDP Growth of 0.1% in Q4 2024, Sparking Economic Optimism

The Eurozone's GDP grew by 0.1% in Q4 2024, with a year-on-year increase of 0.9%. The EU's economy expanded by 0.2% quarterly and 1.1% annually. Poland and Portugal were among the ...

Economy

Russia's Central Bank Maintains Key Interest Rate at 21% Amid Economic Adjustments

The Central Bank of Russia has kept its key interest rate at 21% for the second time in a row, predicting inflation will drop to 7-8% by 2025. The economy grew by 4.1% in 2024, sup...

Economy

January Sees a Sharp 0.9% Drop in US Retail Sales: A Closer Look

In January, US retail and food services sales dropped by 0.9% to $723.9 billion, marking a notable monthly decline. However, the sector showed resilience with a 4.2% year-over-year...

Economy

January Sees a 0.5% Rise in US Industrial Production, Signaling Economic Resilience

US industrial production saw a 0.5% increase in January, with the utilities sector leading growth. Manufacturing and mining showed mixed results, while capacity utilization improve...

Economy

December Sees a 0.2% Dip in US Business Inventories, Signaling Economic Shifts

US business inventories fell by 0.2% in December, totaling $2,584.3 billion, a 2% increase from the previous year. Despite this, trade sales and manufacturers' shipments showed res...

Economy

President Trump Establishes Energy Dominance Council to Boost US Fossil Fuel Production

President Donald Trump has signed an executive order to establish the Energy Dominance Council, aiming to boost US fossil fuel production and strengthen the country's global energy...

Economy

President Trump Establishes Energy Dominance Council to Propel US Fossil Fuel Production

President Trump has signed an executive order to create the Energy Dominance Council, aimed at boosting US fossil fuel production. Additionally, he has approved a Commonwealth LNG ...