Economy News

Economy

US Chamber of Commerce Urges Trump Administration for Immediate Tariff Exclusions to Protect Small Businesses

The US Chamber of Commerce urges the Trump administration to quickly implement a tariff exclusion process to protect small businesses and prevent a recession, emphasizing the urgen...

Economy

US Manufacturing PMI Continues Decline in April Amid Economic Uncertainty

US manufacturing activity declined in April with PMI falling below 50 for the second month, indicating economic uncertainty. Key indexes showed mixed results, with employment sligh...

Economy

March Sees a Dip in US Construction Spending: A 0.5% Decline Amidst Annual Growth

US construction spending experienced a 0.5% decrease in March, totaling $2.2 trillion, yet showed a 2.8% annual growth, reflecting the sector's resilience and ongoing demand.

Economy

US Manufacturing Sector Stagnates in April Amid Rising Costs and Economic Uncertainties

The US manufacturing sector remained unchanged in April, with the PMI at 50.2, indicating stagnation amid rising costs and economic uncertainties, according to S&P Global.

Economy

US Manufacturing PMI Shows Slower Decline in April, Signaling Potential Economic Resilience

The US manufacturing sector's PMI fell at a softer pace in April, indicating a potential stabilization. The ISM reported a PMI of 48.7, still below the growth threshold but showing...

Economy

UK Manufacturing Sector Faces Continued Challenges in April Amid Global Trade Tensions

The UK manufacturing sector experienced slight PMI growth in April but continues to struggle with declining output, orders, and employment due to global trade tensions and potentia...

Economy

Janet Yellen Warns: Trump's Trade Tariffs Could Push US Into Recession

Former US Treasury Secretary Janet Yellen warns that President Trump's trade tariffs could have a "tremendously adverse" impact on the US economy, potentially leading to a recessio...

Economy

US Treasury Secretary Calls for De-escalation of China Tariffs Amid Economic Slowdown

US Treasury Secretary Scott Bessent emphasizes the need for tariff de-escalation with China, highlighting economic slowdown and potential job losses. Calls for revisiting the 'phas...