Economy News

Economy

December Sees a Boost in France's Composite PMI: A Glimmer of Economic Recovery?

France's PMI Composite Output Index improved in December, indicating a slight recovery in business activity. However, the service sector remains in contraction, with challenges in ...

Economy

December Sees Slight Uptick in Eurozone Composite PMI, Signaling Economic Resilience

The Eurozone's economic activity showed slight improvement in December with the Composite PMI at 49.6, despite slowing service sector growth and a contracting manufacturing sector,...

Economy

December Sees a Surge in German Business Activity Amidst Rising Price Pressures

The German services sector returned to growth in December, as reported by S&P Global and Hamburg Commercial Bank. Despite the positive trend, the sector faces ongoing challenge...

Economy

Spain's Service Sector Surges in December: A Sign of Economic Revival?

Spain's service sector showed remarkable growth in December, with the HCOB Spain Services PMI Business Activity Index rising to 57.3. Strong underlying demand and the effects of th...

Economy

Indonesia Introduces 12% VAT on Luxury Items to Boost Economy, Exempts Essentials

Indonesia enforces a 12% VAT on luxury goods to stimulate economic growth, exempting essential items to minimize public impact. Relief measures and an economic stimulus package are...

Economy

Unexpected Growth: Swiss Retail Sales See a 0.3% Rise in November

Switzerland's retail sales saw a 0.3% increase in November, with adjusted figures showing a 0.8% rise year-over-year, below analysts' expectations. The sector's performance indicat...

Economy

France Aims for a Significant Deficit Reduction to 5-5.5% of GDP by 2025

France's Finance Minister Eric Lombard aims to reduce the public deficit to 5-5.5% of GDP by 2025, emphasizing a balanced approach between fiscal responsibility and economic growth...

Economy

Singapore's Economy Surges: A 4.0% Growth in 2024 Signals Robust Recovery

Singapore's economy experienced a significant 4.0% growth in 2024, with a 4.3% rise in GDP in the fourth quarter. Experts predict continued growth in 2025, driven by shifting suppl...