Economy News

Economy

UK's Private Sector Growth Cools in July Amid Global Economic Uncertainties

The UK's private sector growth slowed in July, with PMI indices showing a slight decline due to reduced new work and employment. The services sector also saw a downturn, impacted b...

Economy

Germany's Private Sector Shows Promising Growth: July Composite PMI Hits Four-Month High

Germany's private sector activity showed signs of recovery in July, with the Composite PMI Output Index revised to 50.6, indicating a four-month high. The Services PMI also improve...

Economy

Spain's Industrial Sector Shows Promising Growth with a 1% Increase in Production This June

Spanish industrial production increased by 1% in June, with energy and capital goods leading the growth. The industrial production index rose by 2.3% year-on-year, indicating a ste...

Economy

Surprising 3.8% Surge in French Industrial Output in June Defies Expectations

French industrial production unexpectedly rose by 3.8% in June, driven by significant growth in petroleum products and transport equipment, despite a slight annual decline.

Economy

Eurozone Services Sector Hits 4-Month Peak in July, Signaling Economic Resilience

The Eurozone's services sector activity reached a four-month high in July, with PMI indices showing growth. Inflation trends suggest potential ECB rate cuts, despite concerns over ...

Economy

Eurozone's Producer Prices Surge in June: Energy Costs Lead the Charge

Eurostat reports a 0.8% increase in the Eurozone's producer price index in June, with energy prices leading the charge. The EU also saw a 0.7% rise, highlighting ongoing inflationa...

Economy

July's Inflation Hits 2.1% with Coffee Prices Skyrocketing by 15.9%: A Deep Dive into Consumer Costs

In July, consumer prices rose by 2.1% year-on-year, with coffee prices jumping 15.9% due to higher bean costs. While fresh food prices dropped, processed foods and dining-out costs...

Economy

South Korea's Bold Economic Strategy Aims to Surpass Global Growth Predictions

South Korea's Ministry of Economy and Finance aims for a 1% growth rate, exceeding global forecasts through fiscal and regulatory reforms. Challenges include overcompetitive market...