Economy News

Economy

April Sees a Sharp Decline in German Business Activity: Services Sector Contracts

In April, Germany's services sector contracted, with the PMI Business Activity Index falling below the 50.0 threshold for the first time since November, indicating a 14-month low. ...

Economy

Eurozone's Economic Momentum Cools in April: Services Sector Stagnates Amid Manufacturing Uptick

The Eurozone's private sector activity growth slowed in April, with the composite PMI dropping to 50.4 and services PMI to 50.1. Despite a surprising uptick in manufacturing, the o...

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 to counter the Swiss franc's appreciation, aiming to...

Economy

UK Service Sector Faces Sharp Slowdown in April Amid Global Economic Uncertainties

The UK service sector contracted for the first time in 18 months in April, with the PMI falling to 49.0. Declines in new business and employment, alongside weak export conditions, ...

Economy

Eurozone and EU Witness a Significant 1.6% Drop in Producer Prices in March

The producer price index in the Eurozone and EU fell by 1.6% in March, with energy prices seeing the largest drop. Annual increases were noted at 1.9% and 2.1% respectively.

Economy

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

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

Economy

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

The US trade deficit increased by 14% in March, reaching $140.5 billion, with exports and imports both rising. The annual deficit grew by 92.6%, highlighting significant changes in...

Economy

Canada's Trade Deficit Shows Significant Improvement in March, What's Behind the Numbers?

Canada's trade deficit narrowed significantly in March to 942 million Canadian dollars from 2.1 billion in February. Exports and imports both declined, with a notable drop in trade...