Economy News

Economy

Swiss Economy Sees Modest Rise in Producer and Import Prices in January

In January, the Swiss Producer and Import Price Index saw a slight increase of 0.1%, influenced by higher prices in petroleum products, watches, and medical supplies, despite a dro...

Economy

Spain's Inflation Rate Adjusts Slightly to 2.9% in January, Driven by Housing and Transportation

Spain's inflation rate for January was revised to 2.9%, up from December's 2.8%, driven by higher transportation and housing prices. Monthly consumer prices increased by 0.2%, with...

Economy

Eurozone's Economy Shows Slight Growth in Q4 2024, Amidst Rising Unemployment

The Eurozone's GDP grew by 0.1% in Q4 2024, with the EU's economy expanding by 0.2%. Annual growth was 0.9% for the Eurozone and 1.1% for the EU. Unemployment rose slightly, indica...

Economy

Russia Holds Steady: Central Bank Maintains Key Interest Rate at 21% Amid Inflation Forecasts

The Central Bank of Russia maintains its key interest rate at 21%, with inflation expected to decrease to 4% by 2026. The economy grew by 4.1% in 2024, driven by domestic demand.

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, despite a 2% annual increase. Trade sales and manufacturers' shipments saw a 0.8% monthly and 3.1% year...

Economy

US Oil Rig Count Sees Slight Increase to 481, Signaling Market Resilience

The latest Baker Hughes report reveals a slight increase in the US oil rig count to 481, alongside updates on gas and total rig counts. Canada's rig count also shows interesting tr...

Economy

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

US industrial production increased by 0.5% in January, with manufacturing and utilities sectors showing growth, despite a slight dip in mining output. Capacity utilization rose, si...

Economy

December Sees a 0.2% Dip in US Business Inventories: What Does It Mean for the Economy?

In December, US business inventories saw a 0.2% decline to $2,584.3 billion, yet marked a 2% annual increase. Trade sales and manufacturers' shipments rose by 0.8% monthly and 3.1%...