Economy News

Economy

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

In March, the Eurozone and EU saw a 1.6% monthly drop in producer prices, with energy prices falling sharply by 5.8% and 5.5% respectively. Annually, prices rose slightly by 1.9% i...

Economy

Switzerland's Unemployment Rate Holds Steady at 2.8% in April Amid Economic Challenges

Switzerland's unemployment rate remained steady at 2.8% in April, with a slight increase in the number of unemployed people compared to March and a significant rise year-over-year....

Economy

March Sees Modest Rise in French Industrial Production Led by Transport Equipment

French industrial production saw a 0.2% increase in March, driven by transport equipment manufacturing. Despite growth in some sectors, yearly comparisons show an overall decline.

Economy

Spain Sees Significant Drop in Unemployment: A 2.61% Decrease in April

Spain's unemployment rate dropped by 2.61% in April, the largest decrease since May 2022, with significant improvements across all economic sectors.

Economy

EU Unveils Bold Zero-Tariff Proposal for US Industrial Goods to Ease Trade Tensions

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

Economy

German Services Sector Contracts in April Amid Economic Uncertainty, PMI Hits 14-Month Low

Germany's services sector contracted in April, with the PMI dropping to a 14-month low of 49.0, below the growth threshold. The Composite PMI slightly grew to 50.1, supported by ma...

Economy

Eurozone's Economic Momentum Wanes in April as Services Sector Nears Stagnation

The Eurozone's economic growth slowed in April, with the services sector almost stagnating, despite a surprising uptick in manufacturing output, as per the latest PMI data.

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 amidst the Swiss franc's significant appreciation, a...