Source: NAHB Builder sentiment declined to a four-month low in February, as material issues impacted construction prices and project timelines. XHB is down 0.43%, while ITB is down 0.70%. Builder confidence for newly-built single-family homes fell to 82 in February, down from 83 in January and 84 in February last year.The latest reading is the lowest in four months since … [Read more...] about Builder Sentiment Drops to Lowest Level in Four Months
Forex News
US Import and Export Price Growth Hit Historic Highs in January
Source: Bureau of Labor Statistics US import and export prices rebounded in January to mark historic monthly gains, following the decline recorded in the last month of 2021. Import prices increased by 2.0% in January, compared with the -0.4% in December 2021 and 1.5% in January 2021.The latest increase is the biggest monthly growth since April 2011.Fuel import prices … [Read more...] about US Import and Export Price Growth Hit Historic Highs in January
US Retail Sales Jump by an Above-Estimate 3.8% in January
Source: Census Bureau The US posted a 3.8% rise in retail and food services sales to $649.8 billion in January 2022, after a decline of 2.5% the previous month. The sales surpassed estimates of a 2.0% gain. SPY is down -0.40%, DXY is down -0.06%. Motor vehicle sales were up 5.7% in January, while sales at non-store retailers rose by 14.5% after both declined in … [Read more...] about US Retail Sales Jump by an Above-Estimate 3.8% in January
Industrial Production in Eurozone, EU Pick Up in December
Source: Eurostat Industrial production in both the euro area and the European Union picked up in December 2021, mainly driven by the strength of capital goods during the period. EZU closed up 2.73%, and VGK up 2.31%. Industrial production in the euro area climbed by 1.2% in December compared with the previous month, and by 1.6% compared with year-ago levels.Production in … [Read more...] about Industrial Production in Eurozone, EU Pick Up in December
China’s Inflation Cools in January, Providing Opportunity for Policy Easing
Source: National Bureau of Statistics of China China’s inflation slowed down in January as food and energy prices weakened, giving Beijing more opportunity to bolster a slowing economy. CSI 300 Index up +0.39%, CNY USD down -0.01% The producer price index jumped 9.1% from a year earlier, down from 10.3% in December as consumer-price growth eased to 0.9%. Both measures … [Read more...] about China’s Inflation Cools in January, Providing Opportunity for Policy Easing
