Brief Overview of Key Economic Events from the Past Week
Last week saw several key economic indicators across major economies. In the United States, the manufacturing PMI rose to 47.8 and the services PMI increased to 55.3, both exceeding expectations. However, existing home sales fell to 3.84 million, below forecasts. Unemployment claims dropped to 227,000, and U.S. oil inventories surged by 5.474 million barrels. New home sales rose to 738,000, while durable goods orders contracted by 0.8%. The Michigan consumer confidence index improved to 70.5.
In the Eurozone,...
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