The added value of the port economy of China's seaport cities reached 7 trillion yuan in 2025, Xinhua reported Tuesday, citing a report by an institute under the Ministry of Transport released during an international shipping expo.
The added value of the port economy in the country's inner port cities reached 2.7 trillion yuan, equivalent to 9.7% of their total economic input.
Chinese cities' port economy refers to aggregate economic activities around ports.
The euro area's industrial producer prices were up 0.6% month over month in April, following a 3.4% rise in March, according to Eurostat data published Wednesday.Analysts expected a 0.4% increase for the month.On a yearly basis, producer prices climbed 4.9%, against the revised 2% increase earlier and the consensus of a 4.8% growth.
The UK government's gross reserve assets declined to $225.61 billion in May from $226.61 billion in April, according to Bank of England data published Wednesday.The amount consists of $122.51 billion in foreign currency reserves, $7.54 billion in International Monetary Fund reserve position and $39.25 billion in special drawing rights, alongside $45.55 billion in gold and $10.77 billion in other reserve assets.
Britain's private sector economy slipped into contraction territory for the first time since April 2025, as a sharper decline in service sector output more than offset accelerating manufacturing production.The S&P Global UK Composite PMI fell to a 13-month low of 49.7 in May 2026, from 52.6 previously, according to final data published Wednesday. The flash estimate stood at 48.5.Meanwhile, the services PMI was 49.3, compared with the previous 52.7 and the preliminary reading of 47.9. S&P said the final reading reflects "only a marginal decline" in the sector's output.