Monthly archive January, 2023

Germany's retail sales declined sharply in December suggesting weak consumer spending even during the Christmas season, data published by Destatis revealed Tuesday. Retail sales plunged 6.4 percent in December from the last year, much faster than economists' forecast of -1.8 Read More →

Currency markets were sober in the week spanning January 23-27, amidst an anxious wait to the interest rate reviews by the Federal Reserve, Bank of England, European Central Bank and Reserve Bank of Australia due in the first week of Read More →

Eurozone M3 money supply growth eased more than expected in December and credit to the private sector grew at a slower rate, the European Central Bank said on Friday, suggesting that the interest rate hikes are starting to take effect Read More →

Personal income in the U.S. increased in line with economist estimates in the month of December, according to a report released by the Commerce Department on Friday. The report said personal income inched up by 0.2 percent in December after Read More →

After reporting decreases in U.S. pending home sales for six straight months, the National Association of Realtors released a report on Friday showing pending home sales unexpectedly rebounded in the month of December. NAR said its pending home sales index Read More →

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than initially estimated in the month of January. The report showed the consumer sentiment index for January was upwardly revised Read More →