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US Home Builder Confidence Continues to Rise for Third Consecutive Month

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The National Association of Home Builders (NAHB) has reported that the Home Builder Confidence Index surged by 4 points to reach 48 in February, marking the third consecutive month of improvement. This upward trajectory in sentiment among home builders was bolstered by a decline in mortgage interest rates, providing a favorable environment for prospective homebuyers. […]

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New York Fed’s Manufacturing Index Surpasses Expectations in February

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The Federal Reserve Bank of New York has unveiled that the Empire State Manufacturing Index surpassed expectations for February, with new orders experiencing only a marginal decline, while employment remained stable. According to the report from the New York Fed, the manufacturing sector index rebounded significantly by 41.3 points, settling at -2.4 in February. This

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US Business Inventory Stocks Rise 0.4% in December, Commerce Department Reports

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The US Department of Commerce has disclosed that business inventory stocks experienced a 0.4% increase month-on-month in December, aligning with analysts’ projections following a 0.1% decline in November. On an annual basis, business inventory rose by 0.4% in December, reflecting a steady uptrend in inventory levels over the past year. Breaking down the data, retail

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Philadelphia Fed Manufacturing Index Surges Beyond Expectations in February

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The Philadelphia branch of the Federal Reserve Bank (Fed) has disclosed that the manufacturing sector index in the Mid-Atlantic region surged by 15.8 points to reach +5.2 in February, surpassing analysts’ expectations. This notable increase contrasts sharply with January’s figure of -10.6, indicating a substantial improvement from the previous month. This surge in the index

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US Industrial Production Declines 0.1% in January, Fed Reports

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The US Federal Reserve (Fed) unveiled today that total industrial production in the United States experienced a slight downturn of 0.1% in January. The comprehensive industrial production data encompasses the output from manufacturing, mining, and public utility sectors, providing a comprehensive overview of the country’s industrial activity. Specifically, factory production, a key component of industrial

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UK Trade Deficit Widens to £14.9 Billion in Q4/66, ONS Report Reveals

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The Office for National Statistics (ONS) of the UK has released its latest report today (February 15), indicating a significant increase in the country’s total trade deficit for the fourth quarter of 2066 (Oct.-Dec. 2023). According to the report, the total trade deficit, encompassing both goods and services, surged by £6.2 billion to reach £14.9

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