Eurozone Swung to Trade Deficit in May on Soaring Energy Costs
The eurozone swung to a trade deficit in May as energy prices continued to rise amid supply disruptions due to […]
Economics
U.K. Economy Grows Slightly as High Energy Costs Continue to Weigh
The economy returned to growth in May on robust services-sector activity, but faces renewed uncertainty with the resumption of U.S.-Iran
The U.S. is imposing a 25% tariff on certain Brazilian goods, following a yearlong investigation by trade officials into what they described as unfair trade practices
The move follows a yearlong investigation by U.S. trade officials into what they described as unfair trade practices. Source link
Bank of Korea Raises Rate for First Time Since 2023
South Korea’s central bank joined global peers in tightening monetary policy to counter inflationary pressures fueled by the U.S.-Iran conflict.
Greg Mankiw’s Blog: 1873
I just finished reading Liaquat Ahamed’s new book, 1873. It is excellent. The book examines the global financial crisis of
Canadian Factory Sales Rise 1.3% to Record in May
Manufacturing shipments rose to about $55.55 billion, marking a fourth straight month of increased sales for manufacturers. Source link
U.S. Producer-Price Index Fell in June
The producer-price index declined by 0.3% in June, the Labor Department said, after increasing by an elevated 0.6% in May.
Eurozone Industrial Production Fell Unexpectedly in May
Eurozone industrial output in May snapped a three-month streak of resilient activity in the face of higher energy costs following
China’s economic growth cooled more than expected in the second quarter of the year despite robust exports, as local governments and households pulled back spending
Official data showed gross domestic product in the world’s second-largest economy expanded 4.3% from a year ago in the April-June
Spending on new factories, warehouses and other industrial sites has been damped by rising costs
Spending on new factories, warehouses and other industrial sites has been damped by rising costs. Source link