Economy News

Economy

Russia Holds Steady: Central Bank Maintains Key Interest Rate at 21% Amid Inflation Forecasts

The Central Bank of Russia maintains its key interest rate at 21%, with inflation expected to decrease to 4% by 2026. The economy grew by 4.1% in 2024, driven by domestic demand.

Economy

December Sees a 0.2% Dip in US Business Inventories, Signaling Economic Shifts

US business inventories fell by 0.2% in December, totaling $2,584.3 billion, despite a 2% annual increase. Trade sales and manufacturers' shipments saw a 0.8% monthly and 3.1% year...

Economy

US Oil Rig Count Sees Slight Increase to 481, Signaling Market Resilience

The latest Baker Hughes report reveals a slight increase in the US oil rig count to 481, alongside updates on gas and total rig counts. Canada's rig count also shows interesting tr...

Economy

US Industrial Production Sees a 0.5% Rise in January, Signaling Economic Resilience

US industrial production increased by 0.5% in January, with manufacturing and utilities sectors showing growth, despite a slight dip in mining output. Capacity utilization rose, si...

Economy

December Sees a 0.2% Dip in US Business Inventories: What Does It Mean for the Economy?

In December, US business inventories saw a 0.2% decline to $2,584.3 billion, yet marked a 2% annual increase. Trade sales and manufacturers' shipments rose by 0.8% monthly and 3.1%...

Economy

US Oil Rig Count Sees Slight Increase: Baker Hughes Reports 481 Active Rigs

The latest Baker Hughes report shows a slight increase in the U.S. oil rig count to 481, with the gas rig count also rising to 101. Canada's rig count stands at 245, with a notable...

Economy

January Sees a 0.9% Dip in US Retail Sales: A Closer Look at the Numbers

US retail sales dipped by 0.9% in January to $723.9 billion, as reported by the US Census Bureau. Despite this, there was a 4.2% yearly increase, with motor vehicle and parts deale...

Economy

December Sees a 0.2% Dip in US Business Inventories: An Insight into the Economic Shifts

US business inventories fell by 0.2% in December, reaching $2,584.3 billion, a 2% increase from the previous year. Trade sales and manufacturers' shipments saw a 0.8% monthly and 3...