Homebuilding in the United States posted modest monthly gains in April as starts and completions fell from the previous month, according to the Census Bureau. Building permits for housing units stood at 1.760 million in April, 0.3% higher than in March and 60.9% higher than the same month in 2020.The latest reading is the highest since the 1.883 million permits recorded in … [Read more...] about U.S. Homebuilding Posts Modest Growth To Mark Three-Month High In April
Forex News
UK Unemployment Drops To 4.8% In First Quarter As Less Jobless Individuals Look For Employment
The United Kingdom opened 2021 with less jobless people as more employees returned to work with government support, the Office for National Statistics reported. The unemployment rate stood at 4.8% in the first quarter, 0.3 percentage points lower than the last quarter of 2020.The latest print is 0.8 percentage points higher than the previous year.The unemployment rate … [Read more...] about UK Unemployment Drops To 4.8% In First Quarter As Less Jobless Individuals Look For Employment
EU Grants Ceasefire With US Over Trump’s Steel Tariffs: Solutions Targeted This Year
The European Union has agreed to suspend retaliatory tariffs to make room for discussions with the United States over measures imposed by former President Donald Trump, CNBC reported. The European Commission Spokesperson Valdis Dombrovskis on Twitter said the European Union will suspend tariffs on American steel and aluminum.Dombrovskis said the suspension will make space … [Read more...] about EU Grants Ceasefire With US Over Trump’s Steel Tariffs: Solutions Targeted This Year
The World’s Second-Biggest Economy Reports Slowdown in April Consumer Spending
China's consumer spending growth slowed in April to fall short of market expectations, CNBC reported. Retail sales climbed 17.7% in April, slower than the 34.2% year-on-year growth in March. Analysts expected a 24.9% growth.Catering sales grew 46.4%, slower than 91.6% recorded in March.Year-to-date online sales of consumer goods grew at a slower pace of 23.1% versus 25.8% in … [Read more...] about The World’s Second-Biggest Economy Reports Slowdown in April Consumer Spending
Consumer Sentiment Index Falls to 82.8 as Inflation Concerns Heightens
U.S Consumer Sentiment Index fell from 88.3 in April to 82.8 in May, according to the University of Michigan press release. The fall in confidence reflects rising consumer price fears, with inflation climbing 0.8% in April to mark a 4.2% annual jump, the highest since September 2008.Current Economic Conditions Index fell to 90.8 in May from 97.2 in the previous … [Read more...] about Consumer Sentiment Index Falls to 82.8 as Inflation Concerns Heightens
