Economy

Economic News

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Japan business mood improves despite Middle East war, BOJ survey shows

By Leika KiharaBig Japanese manufacturers' sentiment improved in the three months to June to levels unseen since 2018, a closely watched survey showed on Wednesday, a sign the economy was weathering the energy shock from the Middle East conflict for now.But companies expect business conditions to w…

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Economy
trading-economics

South Korea Import Growth at 4-Month High

South Korea’s imports jumped 30.1% yoy in June 2026, accelerating from a 20.7% rise in April, flash data showed.It was the eighth straight month of growth and the strongest pace since May 2022 amid robust domestic demand despite lingering trade disruptions linked to the Middle East conflict.Consume…

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Economy
NEWS reuters

Irish manufacturing sector growth slips from four-year high, PMI shows

Ireland's manufacturing sector growth eased in June from the four-year high seen the previous month, but output, new orders and employment all grew robustly, according to a survey on Wednesday.The AIB Ireland Manufacturing Purchasing Managers' Index (PMI) eased to 54.9 in June from May's 55.9, whic…

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Economy
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IMF Says New Zealand Rates Need to Rise

By James GlynnSYDNEY--The International Monetary Fund has called for higher interest rates in New Zealand to contain inflation, while admitting the economy has been hit hard by oil shocks.In its latest report card on the state of play in the South Pacific economy, the IMF said policy makers face di…

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Economy
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Brazil needs new fiscal measures as targets become unfeasible from 2028, Treasury says

By Marcela AyresBrazil's Treasury said on Tuesday that fiscal targets will become unfeasible from 2028 without new measures, as rising mandatory spending outpaces efforts to contain costs even with maximum freezes on discretionary outlays.The warning comes as economists call for stronger fiscal dis…

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Economy
NEWS reuters

Why Trump's tariffs had plenty of bark, but limited bite: McGeever

By Jamie McGeever"Tariff" is famously Donald Trump's favorite word, and the U.S. president’s continued use of it unleashed fear across markets last year as his administration unilaterally imposed the most protectionist set of trade policies since the 1930s. But the bark was far worse than the bite…

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Economy
trading-economics

Australia Construction Sector Weakens Sharply

The Ai Group Industry Index for Australia’s construction sector plunged 26.9 points to -38.1 in June 2026, marking its lowest reading since March and signaling a sharp deterioration in business conditions.New orders contracted steeply as tax changes weighed on customer demand, prompting many client…

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Economy
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US declaration to exit USMCA to start a decade-long countdown for the pact

By David LawderU.S. President Donald Trump's administration is expected to formally declare on Wednesday that it will not extend the U.S.-Mexico-Canada Agreement on trade, starting a decade-long clock to wind down the 32-year-old North American free trade zone as the three countries haggle over pro…

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Economy
trading-economics

Irish Consumer Sentiment Hits 4-Month High

Ireland’s Credit Union Consumer Sentiment Index rose to a four-month high of 62.2 in June 2026 from 59.4 in May, extending its recovery for a second consecutive month as concerns over household finances, the economic outlook, and future conditions eased.The index has rebounded by nine points over t…

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Economy