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Source: National Association of Realtors Existing-home sales jumped in January, with housing inventory marking a decline to hit an all-time low. XHB is up 0.25%, while ITB is up 0.10%. Total existing-home sales for the month grew by 6.7% from the previous month to an adjusted annual rate of 6.50 million. Year-on-year sales dropped by 2.3%.NAR Chief Economist Lawrence Yun … [Read more...] about Existing-Home Sales Climb in January as Housing Inventory Drops

Source: Eurostat The eurozone construction output contracted for the second straight month in December, while production in the European Union declined for the first time in four months. EZU is up 0.90% premarket. Eurozone total construction in December declined by 4.0%, following the 0.2% drop in November. Building construction fell by 4.5%, and civil engineering works … [Read more...] about Eurozone, EU Construction Output Contract in December

Source: European Central Bank Euro area posted a current account surplus of 23 billion euros in December 2021, below 24 billion euros recorded the previous month. DAX is down -0.14%, EURUSD is up +0.07%. Alt: Euro Area Current Account Balance Services surplus in December were recorded at 18 billion euros, while goods surplus was 11 billion euros. Primary income had a … [Read more...] about Euro Area Current Account Surplus Falls by 1B Euros in December

Source: Office for National Statistics The United Kingdom saw a rebound in retail sales volumes in January, driven mainly by the growth in non-food stores and automotive fuel sales. VGK was down 0.77% after-hours. Volumes for the month increased by 1.9% in January, following the 4.0% drop recorded in the previous month.Volumes were 3.6% higher than the levels recorded in … [Read more...] about UK Retail Sales Rebound on Automotive Fuel, Home Improvement Growth