Economy News

Economy

US Business Inventories See Slight Uptick in November, Reflecting Steady Economic Growth

US business inventories saw a 0.1% increase in November, reaching $2.59 trillion, with a 2.6% annual rise. Sales and shipments also grew, indicating steady economic growth and effi...

Economy

December Sees a Surge: US Retail Sales Jump by 0.4% Amid Festive Cheer

US retail and food services sales rose by 0.4% in December, reaching $729.2 billion, with a 3.9% annual increase. The quarter ending December saw a 3.7% rise in total sales compare...

Economy

Surprising Spike: US Jobless Claims Jump to 217,000, Defying Analyst Predictions

The US saw an unexpected rise in jobless claims to 217,000 for the week ending January 11, surpassing analysts' predictions. Despite this, the 4-week moving average decreased, hint...

Economy

ECB Forecasts: Inflation to Reach Target by Mid-2025, Earlier Than Expected

The European Central Bank (ECB) forecasts inflation to return to target levels by mid-2025, earlier than previously expected. The council remains cautiously optimistic, emphasizing...

Economy

Thailand's Durian Exports to China Face Challenges Amid Carcinogen Concerns

Thai durian exports to China are under scrutiny due to carcinogen concerns, with shipments being rejected at Chinese checkpoints. This follows previous issues with cadmium contamin...

Economy

Eurozone's Trade Surplus Soars to €16.4B in November, Marking a Significant Monthly Increase

The Eurozone's trade surplus increased to €16.4 billion in November, up from October's €8.6 billion but down from November 2023's €18.2 billion. The EU's surplus was €14.3 billion,...

Economy

Italy's Trade Surplus Drops to €4.128 Billion in November: A Detailed Insight

Italy's trade surplus has decreased to €4.128 billion in November, indicating potential shifts in export volumes and global demand. This development raises important questions abou...

Economy

Italy's Inflation Holds Steady at 1.3%: A Closer Look at December's Economic Indicators

Italy's inflation rate remained steady at 1.3% in December, as reported by Istat. This stability mirrors November's figures, highlighting a period of economic consistency. Further ...