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A report by the NAHB National Association of Home Builders showed that in December, the confidence of US home builders continued to deteriorate. The index of the US housing market was 56 points, down from 60 points in November. Experts had expected it to increase to 61 points. The December index value was the lowest since May 2015. The largest drop in the index was observed in areas with high housing prices. NAHB Chief Economist, Robert Dietz, noted that developers needed to ensure that housing prices were competitive for buyers in different price categories. According to him, in December, all components of the index showed a decline. Thus, the indicator that determines the current conditions, fell by 6 points. The expectations indicator for the next six months decreased from 65 points to 61 points.
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 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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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