Economy News

Economy

Eurozone and EU Witness a Significant 1.6% Drop in Producer Prices in March

In March, the Eurozone and EU saw a 1.6% decrease in producer prices month-over-month, while annual figures showed a rise of 1.9% and 2.1% respectively, highlighting mixed economic...

Economy

UK Service Sector Faces Sharp Contraction in April Amid Global Economic Uncertainty

The UK service sector experienced a notable contraction in April, with the services PMI falling to 49.0, the lowest since January 2023, due to reduced new business and employment. ...

Economy

Swiss National Bank Ready to Step In as Swiss Franc Strengthens, Threatening Price Stability

Swiss National Bank Chairman Martin Schlegel reaffirms the bank's readiness to intervene in the forex market amid the Swiss franc's significant appreciation, which poses risks to p...

Economy

Switzerland's Unemployment Rate Holds Steady at 2.8% in April, Youth Unemployment Sees Slight Dip

Switzerland's unemployment rate remained steady at 2.8% in April, with a slight increase in the number of unemployed compared to March but a significant rise year-on-year. Youth un...

Economy

March Sees a Slight Uplift in French Industrial Production with Notable Sector Variations

French industrial production increased by 0.2% in March, driven by transport equipment and automotive sectors, despite declines in capital goods and energy production.

Economy

Spain's Unemployment Rate Drops Significantly: A 2.61% Decrease in April Marks a Positive Turn

Spain's unemployment rate decreased by 2.61% in April, with 67,420 fewer unemployed people, marking the lowest decline since May 2022. Sector-wise, agriculture led with a 3.92% dro...

Economy

EU Pushes for Zero-Tariff Pact with US to Ease Trade Tensions and Boost Industrial Sectors

The European Union has proposed a zero-tariff agreement with the United States to eliminate duties on industrial goods, aiming to ease trade tensions and bolster supply chains. Wit...

Economy

April's Economic Slowdown: German Business Activity Hits a 14-Month Low

Germany's services sector contracted in April, with the PMI Business Activity Index falling to a 14-month low of 49.0. The Composite PMI Output Index slightly grew to 50.1, support...