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17 November 2023,00:34
Weekly Outlook
17 November 2023, 00:34
US existing home sales fell to a seasonally adjusted annual rate of 3.96 million. Economists suggest that, as seen throughout the year, constrained inventory and reduced housing affordability are ongoing challenges for home sales. There is a likelihood of further declines in sales.
The most recent core durable goods orders maintain the same rate as the previous figure, which is 0.5%. This suggests a level of stability in the U.S. manufacturing sector, even in the face of rapidly rising interest rates and persistently high inflation.
The recent GDP showed -0.1%, down from the previous reading of 0.1%. Recent research indicates that Germany’s GDP health deteriorated further in October, amplifying concerns among analysts about the country potentially entering a recession.
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