Economy News

Economy

US Manufacturing Sector Sees Significant Growth in February Amid Economic Optimism

US manufacturing activity saw a significant uptick in February, with the PMI reaching 52.7, driven by increases in production and new orders. However, concerns over the impact of t...

Economy

February Sees Slower Expansion in US Manufacturing PMI: A Detailed Look

The US Manufacturing PMI showed a slower expansion rate in February, sparking discussions on economic implications. Insights and analysis on this trend and its impact on the US man...

Economy

Unexpected Dip: US Construction Spending Sees a 0.2% Decline in January

US construction spending experienced a slight 0.2% decline in January, totaling $2.2 trillion, despite a 3.3% annual increase. Private and residential construction also saw decreas...

Economy

Navarro Asserts Trump's Firm Stance on Tariffs Amid Global Trade Tensions

Peter Navarro, Trump's trade advisor, confirms the President's commitment to tariffs against China, Canada, and Mexico, starting March 4. He downplays inflation concerns and highli...

Economy

Italy's Economic Growth Surges: A 0.7% GDP Increase in 2024 Marks a Robust Recovery

Italy's economy showed a promising 0.7% GDP growth in 2024, driven by national demand and consumption expenditure, marking a significant recovery and positive economic shift.

Economy

UK Housing Market Slows: Mortgage Approvals Dip to 66,200 in January

The UK housing market shows signs of cooling as mortgage approvals for house purchases slightly decreased to 66,200 in January. Remortgaging approvals rose, and consumer credit inc...

Economy

Turkey Sees a Slight Dip in Inflation Rates from 42.12% to 39.05% in February

Turkey's annual inflation rate decreased to 39.05% in February from 42.12% in January, with the Consumer Price Index rising 2.27% month-on-month. Key sectors like 'Clothing and foo...

Economy

Italy's Economy Sees a 0.7% Growth in 2024: A Detailed Analysis

Italy's economy grew by 0.7% in 2024, with significant contributions from national demand, consumption expenditure, and trade balance. The GDP at current prices increased by 2.9%, ...