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
Forex News
UK Private Sector Growth Accelerates to the Highest in 8 Months in February
(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
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
