(HIS Markit) The UK recorded a Composite Output Index of 60.2 in February, the highest in eight months, as activity earned boosts from looser Covid-19 restrictions. The services sector got the most boost in February, with the activity index climbing to an eight-month high of 60.8, from 54.1 the previous month. The Manufacturing Output Index reached a seven-month high of … [Read more...] about UK Private Sector Growth Accelerates to the Highest in 8 Months in February
Forex News
Consumer Confidence in the Euro Area Falls by 0.3 Points in February
Source: European Commission Consumer confidence in the euro area posted another decline in February, with the gauge down by 0.3 points to -8.8 points. DAX is down -1.21%, EURUSD is down -0.23%. In the EU, the consumer confidence edged lower by 0.2 points to -10.2 points in February.The fall in consumer confidence happened amid a 1.4 points decline in the Economic … [Read more...] about Consumer Confidence in the Euro Area Falls by 0.3 Points in February
Existing-Home Sales Climb in January as Housing Inventory Drops
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
Eurozone, EU Construction Output Contract in December
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
Euro Area Current Account Surplus Falls by 1B Euros 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
