Source: New York Federal Reserve New York business activity expanded slightly in February, but optimism fell to the lowest level since the onset of the COVID-19 pandemic. NYF is down 0.23%. The General Business Conditions Index stood at 3.1, up by 3.8 points from the -0.7% recorded in January.The new orders index climbed by 6.4 points to 1.4 from -5.0, while the shipments … [Read more...] about New York Business Activity Little Changed in February as Optimism Declines
Forex News
Producer Inflation Posts Monthly Acceleration, Slight Annual Deceleration in January
Source: Bureau of Labor Statistics The annual growth of producer prices posted a slight deceleration in January, but monthly inflation for the month hit the highest in a year. Producer prices grew by 9.7% versus the same month in 2021. This is slightly slower than the 9.8% recorded in both November and December 2020.Compared with the previous month, producer inflation … [Read more...] about Producer Inflation Posts Monthly Acceleration, Slight Annual Deceleration in January
Eurozone Trade Surplus Down in 2021 as Deficit Widens in December
Source: Eurostat The eurozone trade balance posted a deficit for the second straight month in December 2021, as imports outpaced exports. EZU is up 2.04%, while VGK is up 2.24% The euro area trade deficit stood at €4.6 billion in December, reversing the €28.3-billion surplus recorded the same month in 2020.The latest deficit follows the €1.5-billion deficit recorded … [Read more...] about Eurozone Trade Surplus Down in 2021 as Deficit Widens in December
UK Employment Declines as Inflation Outpaces Wage Growth
Source: Office for National Statistics Employment in the United Kingdom declined in the last three months of 2021, with inflation outpacing the growth of wages during the period. EWU is up 0.76%, and VGK up 2.26% premarket. Employment for the quarter stood at 32.485 million, down by 38,000 from the previous quarter by 337,000 higher than the same quarter in 2020.The … [Read more...] about UK Employment Declines as Inflation Outpaces Wage Growth
Consumer Sentiment Drops to Decade-Low on Inflation Concerns
Source: University of Michigan Consumer sentiment continued to decline in February to mark the lowest level in a decade amid inflationary concerns. The Index of Consumer Sentiment stood at 61.7 in February, down by 8.2% from January’s 67.2 and 19.7% lower than February 2021’s 76.8.The decline is attributed to the weakening personal financial prospects, due to the … [Read more...] about Consumer Sentiment Drops to Decade-Low on Inflation Concerns
