Economy News

Economy

Eurozone's Private Sector Growth Decelerates in April: A Closer Look at PMI Trends

The Eurozone's private sector growth slowed in April, with PMI indices showing declines. Experts note a near stagnation in the services sector and an insufficient manufacturing upt...

Economy

Swiss National Bank Stands Ready to Intervene as Franc Strengthens, Risks Price Stability

Swiss National Bank Chairman Martin Schlegel reaffirms the bank's commitment to intervene in the forex market if necessary, as the Swiss franc's strength poses risks to price stabi...

Economy

UK Service Sector Faces Contraction in April Amid Global Economic Uncertainty

The UK service sector contracted in April for the first time in 18 months, with PMI dropping to 49.0, due to decreased new business and employment, amid global economic uncertainty...

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% decline in producer prices monthly, with energy prices dropping significantly. Annually, prices rose by 1.9% in the euro area and 2.1% in t...

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% decrease in producer prices month-over-month, while annual figures showed a rise of 1.9% and 2.1% respectively, highlighting mixed economic...

Economy

UK Service Sector Faces Sharp Contraction in April Amid Global Economic Uncertainty

The UK service sector experienced a notable contraction in April, with the services PMI falling to 49.0, the lowest since January 2023, due to reduced new business and employment. ...

Economy

Swiss National Bank Ready to Step In as Swiss Franc Strengthens, Threatening Price Stability

Swiss National Bank Chairman Martin Schlegel reaffirms the bank's readiness to intervene in the forex market amid the Swiss franc's significant appreciation, which poses risks to p...

Economy

Switzerland's Unemployment Rate Holds Steady at 2.8% in April, Youth Unemployment Sees Slight Dip

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