In July 2025, manufacturing activity in New York State showed a modest recovery, according to the Empire State Manufacturing Survey. The General Business Conditions Index rose sharply by 22 points to 5.5, marking its first positive reading since February. New orders edged up, with the index increasing by 16 points to 2.0, while the shipments index rose 19 points to
Bitcoin has broken past the strong resistance level at $111,000, reflecting solid buying interest and strong market sentiment. If this momentum continues, the price could climb toward the next target at $125,000. The current strength also suggests that Bitcoin may keep trading above its simple moving averages, which often supports sustained bullish trends. However, the $120,000 resistance zone is expected
In May 2025, the UK's real GDP fell by 0.1%, following a 0.3% drop in April and a revised 0.4% rise in March. Despite the monthly decline, GDP grew by 0.5% in the three months to May compared with the previous three months, mainly due to growth in the services sector. Services output edged up by 0.1% in May after falling
The Reserve Bank Board held the cash rate steady at 3.85%, citing that inflation continues to moderate, though recent data was a bit stronger than forecast. Inflation has fallen sharply since 2022, helped by higher interest rates, but the Board wants more evidence it's sustainably heading to the 2.5% target. The outlook remains uncertain, with global risks like trade tensions
Economic activity in the U.S. services sector grew in June, rebounding after a brief contraction in May, according to the latest ISM® Services PMI® report. The index registered 50.8 percent, up from 49.9 percent in May, signaling expansion for the 11th time in the past 12 months. However, this reading remains below the 12-month average of 52.4 percent, reflecting modest
In June 2025, U.S. manufacturing activity contracted for the fourth straight month, with the Manufacturing PMI® rising slightly to 49% from 48.5% in May. This signals the sector is still shrinking, though at a slower pace, while the broader economy continues its long expansion. New orders fell for the fifth month in a row, dropping to 46.4%, showing continued weak
Australia's Monthly CPI Indicator for May 2025 shows that inflation rose 2.1% over the year, a slight easing from the 2.4% increase recorded in April. This suggests inflationary pressures are continuing to moderate across much of the economy. The main contributors to annual inflation were food and non-alcoholic beverages, which rose by 2.9%, housing at 2.0%, and alcohol and tobacco at
Existing-home sales rose by 0.8% in May 2025 to a seasonally adjusted annual rate of 4.03 million. However, sales were down 0.7% compared to May 2024. According to NAR Chief Economist Lawrence Yun, high mortgage rates continue to dampen activity, but lower rates could boost both buyer and seller participation, supporting economic growth. The data includes single-family homes, condos, and co-ops,
Retail sales volumes in the UK saw a significant decline in May 2025, falling by 2.7% compared to the previous month. This marks a sharp reversal from the 1.3% increase recorded in April 2025, which was revised upward from an initial estimate of 1.2%. One of the key contributors to the decline was the drop in food store sales, which had
The Swiss National Bank (SNB) has cut its interest rate by 0.25 percentage points to 0%, starting June 20, 2025. This is due to falling inflation, which dropped from 0.3% in February to -0.1% in May, mainly because of cheaper oil and lower travel prices. Banks will now earn 0% interest on their deposits at the SNB, up to a certain
For the week ending June 14, 2025, seasonally adjusted initial jobless claims were 245,000, a decrease of 5,000 from the previous week. The prior week's figure was revised up from 248,000 to 250,000. The 4-week moving average rose to 245,500, an increase of 4,750, making it the highest level since August 19, 2023. For the week ending June 7, 2025,
The Bank of Japan decided to keep its benchmark interest rate steady at 0.5%, maintaining a cautious approach amid global uncertainties and fragile inflation momentum at home. Alongside holding rates, the BOJ announced it will slow the pace of its balance sheet reduction starting in fiscal year 2026. Until March 2026, the bank plans to reduce Japanese government bond purchases
Oil prices surged more than 9% on Friday following Israel's airstrike on Iran, marking the highest levels in nearly five months. The dramatic escalation in Middle East tensions has raised serious concerns about potential disruptions to global oil supplies, particularly from a region that plays a critical role in energy markets. Price of crude jumped $6.29, or 9.07%, to $75.65 a
In May, consumer prices rose by 0.1%, which is slightly less than the 0.2% increase seen in April, according to the U.S. Bureau of Labor Statistics. Over the past year, overall prices have gone up by 2.4%. Housing costs increased by 0.3% in May and were the main driver of the monthly price rise. Food prices also rose by 0.3%, both
In May 2025, the U.S. services sector experienced its first contraction since June 2024, with the Services PMI® slipping to 49.9 percent. This slight decline from April's 51.6 percent suggests increased economic uncertainty rather than a sharp downturn. The Business Activity Index held steady at 50 percent, showing flat output, while the New Orders Index dropped into contraction at 46.4
The U.S. job market remained steady in April 2025, with job openings little changed at 7.4 million, according to the Bureau of Labor Statistics. The hiring rate also showed minimal movement, staying at 5.6 million, while total separations were unchanged at 5.3 million. Within job openings, declines were seen in accommodation and food services and in state and local government education.
U.S. manufacturing activity continued to contract in May, marking the third straight month of decline after a brief two-month expansion. The Manufacturing PMI® came in at 48.5%, slightly lower than April's 48.7%, signaling that the sector remains below the growth threshold of 50%. Despite this, the broader economy continued expanding for the 61st consecutive month. Demand indicators remained weak. The New
Pending home sales in the U.S. fell sharply by 6.3% in April, according to the National Association of REALTORS®. All four major regions experienced monthly declines, with the West seeing the steepest drop. Compared to last year, pending transactions decreased by 2.5% overall. The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell to 71.3 in April. A
New Zealand's central bank has cut interest rates by 25 basis points, lowering the official cash rate from 5.50% to 5.25%. The move is aimed at supporting the economy as global risks increase and domestic spending slows. The Reserve Bank of New Zealand (RBNZ) said it may need to cut rates further if global economic troubles continue. Inflation is still above
Retail sales volumes in the UK saw a solid increase in April 2025, rising by 1.2% compared to the previous month. This marks a notable improvement from March 2025, when growth was initially estimated at 0.4% but later revised down to just 0.1%. A key driver of the April boost was a significant rise in food store sales, with retailers
The central bank has lowered the cash rate by 25 basis points to 3.85%. This decision reflects the ongoing decline in inflation and is intended to support economic growth as conditions remain uncertain both globally and domestically. Inflation has eased significantly since its peak in 2022. Trimmed mean inflation has fallen to 2.9%, dropping below 3% for the first time since
The UK's real GDP grew by 0.2% in March 2025, following a 0.5% increase in February and no growth in January. Over the three months to March 2025, GDP rose by 0.7% compared to the previous three months (October to December 2024). This growth was mainly due to a strong performance in the services sector, which grew by 0.4% in March
In April, U.S. consumer prices rose 0.2% after falling 0.1% in March, according to the Bureau of Labor Statistics. Over the past 12 months, prices increased 2.3%. The biggest contributor to April's rise was shelter, which increased 0.3%. Energy prices also rose 0.7%, driven by higher natural gas and electricity costs, despite a drop in gasoline prices. Food prices, however, fell
On Wednesday, the Federal Reserve announced that it will keep its interest rate unchanged at 4.5%, marking the third consecutive meeting without a rate change. The decision reflects the Fed's cautious approach as it weighs mixed signals from the economy. Despite calls from President Donald Trump to lower rates, the central bank held firm, pointing to rising risks of both inflation