Eurozone Manufacturing PMI fell to 54.8 in January, slightly below December’s 55.2, according to the IHS Markit press release. January’s PMI was a seventh successive month of expansion and among the highest seen over the past two-and-a-half years. Eurozone recorded growth across all the broad market groups, although the improvement in the consumer goods was … [Read more...] about Eurozone Manufacturing Growth Resilient Despite Falling Slightly in January
Forex News
U.K Manufacturing PMI Plunged to a 3-Month Low in January
U.K Manufacturing PMI was 54.1 in January, a 3-month low, down from December’s three-year high of 57.5, according to IHS Markit press release. The January PMI level was weighed down by a decline in new order intakes and a steep reduction in input stocks caused by COVID-19 restrictions. Manufacturing output increased for the eighth successive month in January, … [Read more...] about U.K Manufacturing PMI Plunged to a 3-Month Low in January
U.S. Recorded 0.3% Drop in Pending Home Sales in December
Pending home sales index in the U.S slipped 0.3% in December to 125.5, according to the National Association of Realtors press release. NAR attributes the drop in pending home sales to having too few homes for sale. Contract signings rose 21.4% year over year.NAR chief economist Lawrence Yun believes there is a high demand for housing and many would-be buyers, and … [Read more...] about U.S. Recorded 0.3% Drop in Pending Home Sales in December
U.S. Personal Incomes Gained 0.6% in December
U.S personal incomes rose by $116.6 billion in December or 0.6% from November, according to the Bureau of Economic Analysis press release. The rise in personal income reflected increases in government social benefits, compensation, and personal dividend income. The personal consumption expenditures (PCE) declined by $27.9 billion or 0.2% from November.Real disposable … [Read more...] about U.S. Personal Incomes Gained 0.6% in December
U.S. Jobless Claims Fell by 67,000, Remain Below Analysts’ Expectations
U.S jobless claims totaled 847,000 for the week ending January 23, to remain below the expected 875,000, according to the Department of Labor press release. The jobless claims were a decline of 67,000 from the previous week. The previous week’s jobless claims were revised up by 14,000 from 900,000 to 914,000.Continuing claims fell by 203,000 to a new pandemic-era low … [Read more...] about U.S. Jobless Claims Fell by 67,000, Remain Below Analysts’ Expectations
