Europe luxury market faces challenges as China’s growth slows
In August, China revealed consumer price growth that fell short of expectations, indicating persistent weakness in domestic consumer demand. This…
Category: Finance
Hungary industrial decline worsens as car production falls
The future outlook for the Hungarian industrial sector appears grim, as the recent improvement in output is likely just a…
UK house prices reach two-year peak after summer boost
The August Halifax House Price Index has uncovered which regions in the UK are experiencing significant growth in house prices,…
ECB Rate Cut More Likely as Eurozone Growth Revised Down
Eurozone growth for the second quarter of 2024 was revised down to a modest 0.2%, indicating a slowdown in economic…
EU Construction Outlook 2024 Rebound Predictions and Trends
ING has recently analyzed the construction sectors across Europe, revealing which nations are experiencing a rebound and which ones are…
Eurozone retail sales rise in July as euro gains against dollar
Eurozone retail sales experienced a modest increase of 0.1% in July 2024, marking a recovery from a 0.4% decline in…
Ireland budget surplus warning to reduce spending explained
The Irish government’s fiscal watchdog has urged a cautious approach to budgeting ahead of the pivotal announcement scheduled for October.…
EU Calls for Simplified and Flexible Budget Policies
How should the European Union finance its upcoming budget? What will its size be, and what areas should it prioritize…
Turkish inflation rate drops fueling expectations for rate cuts
Annual inflation in Turkey has been on a downward trend since June, yet the figure for August remains more than…
German Stocks Reach Record Highs Amid Recession Fears
The DAX index recently reached unprecedented heights, showcasing remarkable resilience in the face of Germany’s challenging economic landscape. Despite the…
European Manufacturing Crisis Causes and Current Challenges
Europe’s manufacturing sector is currently facing significant challenges, with the August Purchasing Managers’ Index (PMI) indicating a worsening downturn. Germany…
Bank of France Governor supports ECB rate cut in September
François Villeroy de Galhau, the Governor of the Bank of France, is advocating for a reduction in interest rates by…
Germany inflation rate drops to lowest level since March 2021
In August 2024, Germany’s inflation rate fell to 1.9%, marking its lowest level since March 2021. This decline has raised…
Poland to Increase Defence Spending in 2025 Budget Announcement
Poland is set to break its previous defense spending record of 159 billion zlotys (€37 billion) with a groundbreaking proposal…
Economic Sentiment Rises Services Rebound DAX Reaches Highs
In August, a surge in economic sentiment was observed across the eurozone and European Union, driven by a thriving services…