Source: Eurostat Construction production in both the eurozone and the European Union slowed in February, as building construction growth was halved versus the previous month. EZU is down 1.61%, while VGK is down 0.86% premarket. Total construction in the eurozone grew by 1.9% in February, slower than the 3.9% growth recorded in January.Building construction expanded by … [Read more...] about Eurozone, EU Construction Production Decelerate in February
Forex News
US Business Output Falls to Three-Month Low as Inflation Continues to Accelerate
Source: Markit Economics Business activity in the United States dropped to a three-month low in April, on the back of the continuous increase in prices. QQQ is down 0.75%, while SPY is down 1.19%. The US PMI Composite Output Index slipped to 55.1 from 57.7 in March, hitting the lowest level in three months.The decline was attributed to the challenges such as rising … [Read more...] about US Business Output Falls to Three-Month Low as Inflation Continues to Accelerate
Eurozone Current Account Surplus Narrows Slightly to €21 Billion
Source: European Central Bank The eurozone posted a slightly narrower surplus in February due to the secondary income deficit recorded in the period. EZU is down 0.26%, while VGK is down 0.50%. The current account surplus stood at €21 billion in February, €1 billion lower than the €22-billion surplus recorded in the month prior.The latest level comes as credit increased … [Read more...] about Eurozone Current Account Surplus Narrows Slightly to €21 Billion
British Retail Sales Fall by 1.4% in March on Rising Cost of Living
Source: Office for National Statistics UK retail sales volumes fell 1.4% in March, with the biggest driver emerging from non-store retailing, which plunged 7.9%. FTSE 100 down -0.64%, GBP USD down -1.06% Online sales dropped significantly last month, with shoppers cutting unnecessary purchases as the cost-of-living crisis started to bite.Online sales bore the burden, … [Read more...] about British Retail Sales Fall by 1.4% in March on Rising Cost of Living
European Economic Sentiment, Employment Expectations Drop in March
Source: European Commission Economic sentiment and employment expectations in both the eurozone and the European Union declined in March, due mainly to lower confidence. EZU is up 1.20$, while VGK is up 0.60%. The Economic Sentiment Indicator fell by 5.3 points to 107.5 in the European Union, and by 5.4 points to 108.5 in the eurozone. The decline was attributed … [Read more...] about European Economic Sentiment, Employment Expectations Drop in March