Economy News

Economy

Singapore's Cost-of-Living Support Scheme: Over 60% of Households Secure $220 Vouchers

Over 60% of Singaporean households have claimed $220 vouchers from a government support scheme aimed at easing the cost of living and supporting local businesses affected by the pa...

Economy

November Sees a 2.5% Surge in German Retail Sales Amid Holiday Shopping Trends

Germany's retail sales grew by 2.5% in real terms year-on-year in November, with a slight monthly drop. The rise in online and mail-order sales around "Black Friday" and "Cyber Mon...

Economy

November Sees a 5.4% Drop in German Factory Orders, Signaling Economic Slowdown

Germany's factory orders dropped by 5.4% in November, with a significant decline in foreign orders and a sharp fall in vehicle construction orders. Domestic orders saw a slight inc...

Economy

December Sees a Slight Dip in Japan's Consumer Confidence: What's Behind the Trend?

In December, Japan experienced a slight decrease in consumer confidence, raising questions about the factors affecting consumer sentiment and its implications for the economy. Anal...

Economy

Vietnam's Economy Shines with a 7.09% GDP Growth in 2024, Marking a Remarkable Recovery

Vietnam's GDP grew by 7.09% in 2024, marking a significant recovery and positioning the country as a regional economic bright spot. The service sector led the growth, contributing ...

Economy

Unexpected Rise in Australian Inflation: A Closer Look at November's CPI Increase

Australia's inflation rate unexpectedly rose to 2.3% in November, with core inflation measures showing mixed trends. The CPI excluding volatile items increased, while the 'trimmed ...

Economy

December Sees a Surge in US Services Sector Activity, ISM Reports

The US services sector witnessed a significant improvement in December, with the Services PMI rising to 54.1%, indicating stronger business conditions and economic confidence.

Economy

US Job Market Holds Steady: 8.1 Million Openings in November

The US job market remained stable in November with 8.1 million job openings, as per the US Bureau of Labor Statistics. The JOLTS report indicated little change in hires and separat...