Eurozone Construction Output Sees October Surge: A Closer Look
Eurostat reports a 1% monthly increase in seasonally adjusted construction output in the Eurozone for October, with a 0.7% rise in the EU. Annual figures show a 0.2% increase in th...
Economy News
Decline in Income Mobility: Only 17.6% Saw Income Increase in 2022
Statistics Korea reports that only 17.6% of respondents moved into a higher income quintile in 2022, marking a decline in upward social mobility. The data highlights income inequal...
ECB's Wunsch: Four More Rate Cuts Could Be on the Horizon
ECB's Wunsch suggests four more interest rate cuts could be a meaningful scenario. He discussed the potential impact on inflation targets and euro-dollar parity during a recent for...
ECB's Lane: Europe's Disinflation Journey on Target Despite Risks
ECB Executive Board Member Philip R. Lane reports that Europe's disinflation process is progressing well towards the 2% target by 2026, despite potential risks from geopolitical te...
UK Factory Output Prices Fall Sharply in November: ONS Data Reveals
The UK's Office for National Statistics reports a 0.6% year-on-year drop in factory output prices for November, driven by significant declines in coke and refined petroleum product...
Vietnam's Agro-Forestry-Fisheries Exports Surge to Record $62 Billion in 2024
In 2024, Vietnam's agricultural sector saw remarkable growth, with production value up by over 3.2% and exports surging more than 18%. Key products and markets include wood, fruits...
Korea's Top Officials Assure Stability Amid Political Uncertainty
South Korea's economic and diplomatic leaders held a joint press conference to address concerns and outline strategies for maintaining stability amid ongoing political turmoil. Dep...
Business Leaders Urge Supplementary Budget to Revive Domestic Demand and Strengthen Key Industries
Business leaders in South Korea urge a supplementary budget to boost domestic demand and expedite special legislation for semiconductors and AI, amid concerns over economic uncerta...
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