Business News Asia
House prices in the U.S. slowed in October, according to the Federal housing finance agency. The Nationwide House Price Index in the U.S. rose 9.2% year over year in October. However, this is down from a 10.7% increase in September.…
MasterCard released the Mastercard SpendingPulse Report, which said retail sales in the U.S. increased 7.6% during the holiday season from Nov. 1 to Dec. 24 this year, more than the expected gains of 7.1%, driven by retailers looking to lure…
The U.S. Commerce Department reported that orders for durable goods in the United States, such as aircraft, automobiles, and large machinery with a life of three years or more, fell 2.1% in November after rising 0.7% in October. New orders…
According to the U.S. Department of Commerce, consumer spending in the U.S. rose 0.1% in November, below the 0.2% expected by analysts. The Commerce Department also revised consumer spending for October to an increase of 0.9%, after previously reporting an…
According to the U.S. Department of Commerce, the U.S. current account deficit fell 9.1% in the third quarter to $217.1 billion, the lowest level since the second quarter of 2021. The current account deficit in the third quarter accounted for…
The Mortgage Bankers Association (MBA) reported that mortgage loan applicants rose 0.9% last week after mortgage rates fell. Refinance loan applicants rose 6% last week, but are down 85% year over year. Home loan applicants fell 0.1% last week and…
According to the U.S. Department of Commerce, housing starts in November fell 0.5% to 1.427 million units but were above analysts’ expectations of 1.4 million units. The housing numbers were hurt by an increase in the price of building materials…
According to the National Association of Home Builders (NAHB), the U.S. Housing Market Index fell two points to 31 in December, the lowest level since mid-2012 and the 12th consecutive month of declines. The housing market index fell below the…
According to the U.S. Department of Commerce, retail sales fell 0.6% in November, the largest decline in 11 months. Analysts had expected a 0.1% decline, following a 1.3% increase in October. Retail sales have been affected by inflation, which has…
According to the Federal Reserve, total industrial production in the U.S. fell 0.2% in November after falling 0.1% in October. Overall industrial production measures the change in output of the manufacturing, mining and utilities sectors. Manufacturing production fell 0.6% in…
