Economy News

Economy

Australian Services Sector Sees Continued Expansion in November Amid Rising Business Confidence

The Australian services sector continued to expand in November, with incoming new business and activity both rising, albeit at softer rates. Business confidence reached its highest...

Economy

Inflationary Pressure Looms as Exchange Rates Surge: BOK's Warning

Kim Woong, deputy governor of the Bank of Korea, warns of inflationary pressure due to high exchange rates starting in December. The Consumer Price Index (CPI) for November showed ...

Economy

Eurozone Manufacturing Crisis Deepens in November: PMI Hits New Low

The manufacturing sector in the Eurozone continued to struggle in November, with the Purchasing Managers' Index (PMI) dropping to 45.2 from 46 in October, according to a joint repo...

Economy

UK Manufacturing Sector Faces Deeper Slump in November

The UK's manufacturing sector saw a deeper slump in November, hitting a nine-month low with a score of 48.0, a drop of 1.9 index points compared to the month before, according to S...

Economy

Eurozone Unemployment Holds Steady at 6.3% in October: A Detailed Analysis

The seasonally adjusted unemployment rate in the euro area stood at 6.3% in October, unchanged from last month's reading, Eurostat revealed in its report issued on Monday. The rate...

Economy

US Manufacturing Activity Shows Encouraging Signs in November

Manufacturing activity in the United States improved slightly in November, according to a report by S&P Global. The Manufacturing PMI reached 49.7, up from 48.5 in October, althoug...

Economy

US Manufacturing Sector Shows Signs of Recovery in November: ISM Report

The US manufacturing sector showed slight improvement in November, according to a report from the Institute for Supply Management (ISM). The Purchasing Managers' Index (PMI) rose f...

Economy

US Construction Spending Sees Significant Growth in October, Reaching $2.17 Trillion

The US Census Bureau reports a 0.4% increase in construction spending for September, reaching $2.17 trillion. Private construction leads the growth with a 0.7% increase, while publ...