Source: Bureau of Economic Analysis Personal income increased for the third straight month in December, albeit at a slower pace, as proprietors’ income slipped during the period. Personal income increased by $70.7 billion or 0.3% in December. This compares with the 0.5% growth in November and marks the third straight month of expansion.Growth is attributed to higher … [Read more...] about Personal Income Expands for Third Consecutive Month
Forex News
France’s Growth in 2021 the Highest in 5 Decades as Q4 Expansion Beat Estimates
(Insee) France ended 2021 strongly, with 0.7% growth in the fourth quarter, helping the economy to post a 7% expansion in the year, the highest in 52 years. Growth in the fourth quarter was higher than a forecast of 0.5% and happened after a higher 3.1% expansion in the third quarter. The growth in the fourth quarter was fueled by a rise in consumer spending, … [Read more...] about France’s Growth in 2021 the Highest in 5 Decades as Q4 Expansion Beat Estimates
Contract Signings for New Homes End the Year With a 3.8% Slump
Source: NAR The pending home sales in the US fell by 3.8% in December from November, with contract signings declining across all regions. SPY is up +0.82%, DXY is up +0.81%. On a year over year basis, contract signings for new homes fell by 6.9%.The decline in pending home sales reflected diminishing supply, with few units available for buyers.NAR’s chief economist … [Read more...] about Contract Signings for New Homes End the Year With a 3.8% Slump
US GDP Grew by an Annual 6.9% in the Last Quarter of 2021
Source: Bureau of Economic Analysis The US posted a 6.9% annual growth in the real gross domestic product in the fourth quarter of 2021, beating an estimated 5.5% increase and third quarter’s expansion of 2.3%. SPY is up +0.84%, DXY is up +0.81%. The surge in GDP reflected a rise in exports, private inventory investment, and PCE. Small declines in residential fixed … [Read more...] about US GDP Grew by an Annual 6.9% in the Last Quarter of 2021
New Orders for US-Made Goods Decline to $267 Billion in December
Source: US Census Bureau New orders for US-manufactured durable goods retreated in December, following two straight months of growth. New orders stood at $267.6 billion in December, down by $2.4 billion or 0.9% from the previous month. This follows the growth recorded in October and November.New orders for the month of November were revised to $270.1 billion, reflecting a … [Read more...] about New Orders for US-Made Goods Decline to $267 Billion in December
