Economy News

Economy

March Sees a Slight Uplift in French Industrial Production with Notable Sector Variations

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

Economy

Spain's Unemployment Rate Drops Significantly: A 2.61% Decrease in April Marks a Positive Turn

Spain's unemployment rate decreased by 2.61% in April, with 67,420 fewer unemployed people, marking the lowest decline since May 2022. Sector-wise, agriculture led with a 3.92% dro...

Economy

EU Pushes for Zero-Tariff Pact with US to Ease Trade Tensions and Boost Industrial Sectors

The European Union has proposed a zero-tariff agreement with the United States to eliminate duties on industrial goods, aiming to ease trade tensions and bolster supply chains. Wit...

Economy

April's Economic Slowdown: German Business Activity Hits a 14-Month Low

Germany's services sector contracted in April, with the PMI Business Activity Index falling to a 14-month low of 49.0. The Composite PMI Output Index slightly grew to 50.1, support...

Economy

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

Eurozone's private sector growth slowed in April, with services PMI nearing stagnation. Despite a surprise uptick in manufacturing, overall economic momentum weakened, as per S&...

Economy

Eurozone Shows Signs of Recovery as Business Activity Edges Up in April

The Eurozone's private sector showed slight improvement in April with the composite PMI at 50.4, despite a minor drop from March. Services PMI also decreased slightly to 50.1, indi...

Economy

April Sees a Surprising Slowdown in German Business Activity: What's Behind the Drop?

The German services sector experienced a contraction in April, with the Services PMI Business Activity Index dropping to 49.0 from 50.9 in March, signaling potential challenges ahe...

Economy

EU Proposes Groundbreaking Zero-Tariff Agreement with US to Strengthen Industrial Trade Ties

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