Economy News

Economy

December Sees a 0.7% Surge in US Personal Spending Amid Rising Inflation

US personal spending increased by 0.7% in December, with personal income also rising by 0.4%. Inflation, as measured by the PCE price index, grew by 0.3% month-on-month, with core ...

Economy

Fed's Bowman Warns of Bumpy Road Ahead in Inflation Progress

Federal Reserve Governor Michelle Bowman anticipates a slowdown in inflation but warns of a potentially uneven process, citing risks like fragile global supply chains. She advocate...

Economy

Germany's Inflation Rate Drops to 2.3% in January: A Closer Look at the Numbers

Germany's inflation rate decreased to 2.3% in January, with the Consumer Price Index dropping by 0.2%. Food prices rose by 0.8%, while energy prices fell by 1.6%, according to the ...

Economy

Germany's Retail Sector Surges: December Sales Jump 1.8% Year-on-Year

Germany's retail sales saw a 1.8% real-term increase in December year-on-year, despite a 1.6% month-over-month decline. Nominal terms showed a 0.9% decrease from November but a 3.0...

Economy

UK Housing Market Shows Resilience with 4.1% Annual Growth in January

The UK housing market saw a 4.1% annual growth in house prices in January, with a slight monthly increase. Despite affordability challenges, the market remains resilient, as noted ...

Economy

December 2024 Sees a 1.1% Surge in Swiss Retail Sales: A Sign of Economic Resilience?

Swiss retail sales saw a 1.1% increase in December 2024, with real growth at 2.6% after inflation adjustment. This reflects a resilient consumer market and positive economic indica...

Economy

France's Inflation Climbs to 1.4% in January, Marking a Slight Increase from December

France's inflation rate slightly increased to 1.4% in January, driven by higher tobacco, energy, and services prices, while food prices saw minimal growth. The CPI and HICP indices...

Economy

Germany Faces Rising Unemployment: A January Spike to 6.4%

Germany's unemployment rate rose to 6.4% in January, with a significant increase in both unemployment and underemployment figures, highlighting growing labor market challenges.