economic contraction News

UK Service Sector Hits a Snag: April's PMI Drops to Lowest Since Early 2023

The UK service sector contracted in April for the first time in 18 months, with the PMI dropping to 49.0 due to weak new business and employment. Export conditions were particularl...

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 the PMI dropping to 49.0, due to declining new business and employment. Export conditions were parti...

April's Slowdown: UK Service Sector Faces Contraction Amid Global Economic Uncertainty

The UK service sector experienced its first contraction in one-and-a-half years in April, with the services PMI falling to 49.0. Declines in new business and employment, alongside ...

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 the PMI falling to 49.0. Declines in new business and employment, alongside weak export conditions, ...

April's Economic Slowdown: German Services Sector Contracts Amid Rising Uncertainty

Germany's services sector contracts in April, with the PMI dropping below 50 for the first time since November, amid weaker demand and uncertainty. The composite PMI shows marginal...

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...

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...

Germany's Private Sector Shrinks in April: A Deep Dive into the PMI Decline

Germany's private sector activity declined in March, with the Composite PMI Output Index marking a four-month low. The Services PMI hit a 14-month low, while manufacturing showed s...

US Manufacturing Sector Contracts in March: PMI Drops Below Critical Threshold

The US manufacturing sector contracted in March, with the PMI dropping to 49%. Key indicators like new orders, production, and employment fell, while prices surged due to tariffs, ...

US Manufacturing Sector Takes a Hit: PMI Drops to 49% in March Amid Demand Confusion

The US manufacturing sector contracted in March with PMI dropping to 49%, as demand confusion and tariffs impact new orders, production, and employment, while prices surge.

US Manufacturing Sector Contracts in March: PMI Drops to 49% Amid Demand Confusion

US manufacturing activity contracted in March with PMI dropping to 49%, as demand confusion and rising prices impact production and employment. Key indicators show significant decl...

January Sees French Services Sector Dip to Two-Month Low, Manufacturing Rebounds

The French services sector contracted further in January, reaching a two-month low, while the manufacturing sector showed signs of recovery. The overall economic activity in France...

December Marks a Sharp Decline in UK Manufacturing Activity, Reaching an 11-Month Low

The UK manufacturing sector hit an 11-month low in December, with a score of 47.0, indicating a significant slowdown. Output, new orders, and employment contracted at an accelerati...

German Economy Faces Challenges: Bundesbank Forecasts 0.2% Contraction in 2024

The Deutsche Bundesbank forecasts a 0.2% contraction in the German economy for 2024, citing persistent economic headwinds and structural problems. The central bank also revised gro...