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The US Construction Companies Confidence Index in November showed a record fall rate since February 2014, having dropped by 8 points to the lowest since August 2016 level of 60 points, the National Association of Home Builders (NAHB) reported. Experts had not expected such a sharp drop, they had predicted a decrease in the index by only 1 point. Analysts point out that mortgage rates have fallen as a result of the rise of base interest rates by the Federal Reserve. And this, in turn, led to a fall in confidence of construction companies. NAHB Chief Economist Robert Dietz noted the stagnation of demand in the US real estate market.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
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