Economy News

Economy

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

The US trade deficit surged to $140.5 billion in March, a 14% increase from the previous month, with exports slightly up by 0.2% and imports rising by 4.4%. Annually, the deficit g...

Economy

March Sees a Slight Uptick in French Industrial Production with Transport Equipment Leading the Way

French industrial production rose by 0.2% in March, driven by strong performances in transport equipment and automotive sectors, despite declines in capital goods and energy produc...

Economy

Spain's Unemployment Rate Drops Significantly by 2.61% in April, Marking a Positive Shift

Spain's unemployment rate decreased by 2.61% in April, with 67,420 fewer unemployed people, marking the lowest decline since May 2022. Significant drops were observed across all ec...

Economy

EU Pushes for Zero-Tariff Agreement with US to Strengthen Industrial Trade Amid Rising Tensions

The EU has proposed a zero-tariff agreement with the US to eliminate duties on industrial goods, aiming to strengthen supply chains and mitigate trade tensions. This initiative com...

Economy

April's Economic Slowdown: German Services Sector Contracts Amid Rising Uncertainty

In April, Germany's services sector contracted for the first time since November, with the PMI Business Activity Index dropping to 49.0. The Composite PMI Output Index slightly gre...

Economy

Eurozone's Economic Momentum Cools in April: Services Stagnate as Manufacturing Offers a Glimmer of Hope

Eurozone's private sector growth slowed in April, with services nearly stagnating and manufacturing showing a slight uptick, according to S&P Global and HCOB. The composite PMI...

Economy

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

The Swiss National Bank reaffirms its readiness to intervene in the forex market as the Swiss franc's appreciation poses risks to price stability, with the currency remaining stabl...

Economy

UK Service Sector Faces Significant Slowdown in April Amid Global Economic Uncertainty

The UK service sector contracted in April for the first time in eighteen months, with the services PMI falling to 49.0. The decline was attributed to reduced new business and emplo...