US Records a 5.7% Slump in Pending Home Sales in January
(NAR) Pending home sales in the US plunged by 5.7% in January from the previous month, with the index hitting 109.5. Only the West posted a rise in contract signings…
(NAR) Pending home sales in the US plunged by 5.7% in January from the previous month, with the index hitting 109.5. Only the West posted a rise in contract signings…
(BEA) The US posted an increase of 6.1% in the personal consumption expenditure index in January, underlining continued rises in the prices of goods and services. The rise in the…
(European Commission) The Economic Sentiment Indicator overcame three months of decline in the EU to post an index of 112.8 in February, up 1.2 points. The ESI in the EU…
(Department of Labor) US Jobless claims totaled 232,000 in the week that ended February 19, down by 17,000 from the previous week. The claims were below estimates of 235,000. On…
(Mortgage Bankers Association) Applications for mortgages in the US declined by 13.1% last week to hit the lowest since December 2019 as higher rates drove away home buyers. The decline…
(Eurostat) Euro area posted an annual inflation of 5.1% in January, accelerating from December’s 5.0% and last year’s 0.9%. In the EU, inflation was higher at 5.6% in January, more…
(IHS Markit) US Composite Output Index was at 56.0 in February, the highest in two months and up from 51.1 in January as the economy rebounded from the Omicron impacts. …
(ONS) The UK recorded a budget surplus of 2.9 billion pounds in January 2022, the first time the government has raised more in taxes than it has spent since the…
(FT) Russian RTS Index drops 14% as Russia is ready to recognize terrorist organizations in eastern Ukraine. Geopolitical analysts are reading a neutralizing stance by China over tensions in Ukraine,…
(IHS Markit) The Eurozone PMI Composite Output Index rose to 55.8 in February, a five-month high and an acceleration from a reading of 52.3 in January. The rise in output…
(NAR) Existing-home sales in the US hit an annual rate of 6.50 million in January, up 6.7% from the previous month. NAR’s chief economist Lawrence Yun says the uptick in…
(Eurostat) Production in the construction sector in the euro area fell by 4.0% in December, accelerating from another fall of 0.2% the previous month. In the EU, production in construction…