Source: IHS Markit The output of private firms in the United States grew to a two-month high in February, as demand recovered from disruptions bought about by the COVID-19 pandemic. The Flash US Composite Output Index stood at 56.0 in February, up from the 18-month low of 51.1 in January. Firms reported a recovery in demand, with the growth led mainly by services … [Read more...] about US Private Sector Output Rebounds as New Business Growth Hits Seven-Month High
Forex News
US Home Price Growth Hits All-Time High in 2021
Source: S&P Dow Jones Indices US home prices continued to increase in December 2021, with the growth remaining at a record high. XHB is flat, while ITB is down 0.36% premarket. The national home price index recorded an 18.8% annual gain in December, unchanged from the previous month.The latest reading brought the national composite up 18.8% for the year, marking the … [Read more...] about US Home Price Growth Hits All-Time High in 2021
Britain Reports First Budget Surplus, Nearly 18 Billion Pound Since Covid-19 Pandemic Began
Source: Office for National Statistics. The UK posted its first fiscal surplus since the start of the pandemic, setting Chancellor of the Exchequer Rishi Sunak on progress for nearly 18 billion-pound budget income. FTSE 100 up +0.30%, GBP USD down -0.20% The government generated additional 2.9 billion pounds in tax than it spent in January. The figures signal the recovery … [Read more...] about Britain Reports First Budget Surplus, Nearly 18 Billion Pound Since Covid-19 Pandemic Began
UK Private Sector Growth Jumps to Eight-Month High as Restrictions Eased
The United Kingdom’s private sector output posted a swift rebound in February, marking its strongest performance in eight months due mainly to travel and leisure activities. Source: IHS Markit EWU was flat after hours. The UK Composite Output Index stood at 60.2, following the 54.2 in January. This is the highest in eight months since June 2021, led mainly by higher … [Read more...] about UK Private Sector Growth Jumps to Eight-Month High as Restrictions Eased
Eurozone Growth Climbs to Five-Month High as Prices Reach All-Time Highs
Source: IHS Markit Eurozone growth grew to a five-month high in February, with average prices reaching historic highs during the month. EZU was down 0.41%, and VGK down 0.79% after hours. The Eurozone PMI Composite Index clocked in at 55.8 in February, following 52.3 in January. The 3.5-point increase is the biggest monthly gain since March 2021.The rebound comes after … [Read more...] about Eurozone Growth Climbs to Five-Month High as Prices Reach All-Time Highs
