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The U.S. dollar climbed higher on Thursday, scoring strong gains against most of its major counterparts, amid rising U.S. treasury yields after the Federal Reserve signaled it would start raising interest rates in March.

Source: RTT News

Full Year GDP Growth in European Union decreased to -5.90 percent in 2020 from 1.80 percent in 2019. Full Year GDP Growth in European Union averaged 1.43 percent from 1996 until 2020, reaching an all time high of 3.90 percent in 2000 and a record low of -5.90 percent in 2020. Among EU Member States, the biggest economies are Germany, France, Italy and Spain. On the expenditure side, household consumption is the main component of GDP and accounts for 56 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (20 percent). Exports of goods and services account for 46 percent of GDP while imports account for 42 percent, adding 4 percent of total GDP. This page includes a chart with historical data for European Union Full Year GDP Growth.

Source: Trade Economics EU

The Gross Domestic Product (GDP) in European Union expanded 3.90 percent in the third quarter of 2021 over the same quarter of the previous year. GDP Annual Growth Rate in European Union averaged 1.54 percent from 1996 until 2021, reaching an all time high of 13.70 percent in the second quarter of 2021 and a record low of -13.70 percent in the second quarter of 2020. Among EU Member States, the biggest economies are Germany (21 percent of total GDP); the United Kingdom (15 percent); France (15 percent); Italy (11 percent); and Spain (8 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 56 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (20 percent). Exports of goods and services account for 46 percent of GDP while imports account for 42 percent, adding 4 percent of total GDP.

Source: Trade Economics EU

United Kingdom 30-Year Treasury Gilt Auction Bond Yield was 1.35 percent on Thursday January 27, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the United Kingdom 30-Year Treasury Gilt Auction reached an all time high of 16.01 in September of 1981.

Source: Trade Economics UK

Kansas Fed Manufacturing Index in the United States increased to 20 points in January from 11 points in December of 2021. Kansas Fed Manufacturing Index in the United States averaged 8.49 points from 2001 until 2022, reaching an all time high of 41 points in July of 2021 and a record low of -62 points in April of 2020. The Federal Reserve Bank of Kansas City Survey of Manufacturers provides information on current manufacturing activity in the Tenth District (Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri). The monthly survey consists of approximately 150 manufacturing plants across the district of which about 110 respond. Survey results reveal changes in several indicators of manufacturing activity including production, shipments, new orders, and employment along with changes in prices of raw materials and finished products. The diffusion index is calculated as the difference between the percentage of total reporting increases and the percentage reporting decreases. United States Kansas Fed Manufacturing Index

Source: Trade Economics US

Kansas Fed Composite Index in the United States increased to 24 points in January from 22 points in December of 2021. Kansas Fed Composite Index in the United States averaged 5.78 points from 2001 until 2022, reaching an all time high of 31 points in April of 2021 and a record low of -30 points in April of 2020. The Federal Reserve Bank of Kansas City Survey of Manufacturers provides information on current manufacturing activity in the Tenth District (Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri). The monthly survey consists of approximately 150 manufacturing plants across the district of which about 110 respond. Survey results reveal changes in several indicators of manufacturing activity including production, shipments, new orders, and employment along with changes in prices of raw materials and finished products. The diffusion index is calculated as the difference between the percentage of total reporting increases and the percentage reporting decreases. This page includes a chart with historical data for the United States Kansas Fed Composite Index.

Source: Trade Economics US

The U.S. dollar spiked higher against its major trading partners in the European session on Thursday, as short-term U.S. treasury yields rose in reaction to comments from Federal Reserve Chair Jerome Powell, signaling a liftoff in interest rates in March and the prospects of an aggressive policy tightening in the subsequent meetings this year.

Source: RTT News

Pending home sales in the U.S. tumbled by much more than expected in the month of December, according to a report released by the National Association of Realtors on Thursday. NAR said its pending home sales index plunged by 3.8 percent to 117.7 in December after sinking by 2.3 percent to a downwardly revised 122.3 in November.

Source: RTT News

Pending Home Sales in the United States decreased 6.90 percent in December of 2021 over the same month in the previous year. Pending Home Sales in the United States averaged 1.24 percent from 2002 until 2021, reaching an all time high of 51.70 percent in April of 2021 and a record low of -33.60 percent in April of 2020. The Pending Home Sales Index, a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a "pending home sale." The majority of pending home sales become home sale transactions, typically one to two months later. The National Association of Realtors collects pending home sales data from MLSs and large brokers. Altogether, data from over 100 MLSs & 60 large brokers is received providing a large sample size covering 50% of the existing home sales sample. This is equal to 20 percent of all transactions.

Source: Trade Economics US

Pending Home Sales MoM in the United States decreased to -3.80 percent in December from -2.30 percent in November of 2021. Pending Home Sales MoM in the United States averaged 0.18 percent from 2001 until 2021, reaching an all time high of 44.90 percent in May of 2020 and a record low of -30.30 percent in May of 2010. The Pending Home Sales Index, a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a "pending home sale." The majority of pending home sales become home sale transactions, typically one to two months later. The National Association of Realtors collects pending home sales data from MLSs and large brokers. Altogether, data from over 100 MLSs & 60 large brokers is received providing a large sample size covering 50% of the existing home sales sample. This is equal to 20 percent of all transactions. This page includes a chart with historical data for the United States Pending Home Sales MoM.

Source: Trade Economics US

Preliminary data released by the Commerce Department on Thursday showed a sharp increase in U.S. economic activity in the fourth quarter of 2021. The report said real gross domestic product spiked by 6.9 percent in the fourth quarter after jumping by 2.3 percent in the third quarter. Economists had expected GDP to surge up by 5.5 percent.

Source: RTT News

Reflecting a sharp pullback in orders for transportation equipment, the Commerce Department released a report on Thursday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of December.

Source: RTT News

After reporting a bigger than expected increase in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims pulled back in line with estimates in the week ended January 22nd.

Source: RTT News

Consumer Spending in the United States increased to 13842.66 USD Billion in the fourth quarter of 2021 from 13732.41 USD Billion in the third quarter of 2021. Consumer Spending in the United States averaged 6102.38 USD Billion from 1950 until 2021, reaching an all time high of 13842.66 USD Billion in the fourth quarter of 2021 and a record low of 1403.69 USD Billion in the first quarter of 1950. Consumer Spending refers to private expenditure on goods and services and is a major component of the GDP.

Source: Trade Economics US

The stocks of goods held by firms in the United States increased by 173.55 USD Billion in the fourth quarter of 2021. Changes in Inventories in the United States averaged 32.54 USD Billion from 1950 until 2021, reaching an all time high of 177.30 USD Billion in the first quarter of 2015 and a record low of -252.76 USD Billion in the second quarter of 2020. In the United States, changes in inventories are often a leading indicator for the overall performance of the economy. United States Changes in Inventories

Source: Trade Economics US

Government Spending in the United States decreased to 3356.83 USD Billion in the fourth quarter of 2021 from 3381.57 USD Billion in the third quarter of 2021. Government Spending in the United States averaged 2108.34 USD Billion from 1950 until 2021, reaching an all time high of 3390.92 USD Billion in the first quarter of 2021 and a record low of 599.63 USD Billion in the first quarter of 1950. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.

Source: Trade Economics US

Gross Fixed Capital Formation in the United States increased to 3596.48 USD Billion in the fourth quarter of 2021 from 3585.04 USD Billion in the third quarter of 2021. Gross Fixed Capital Formation in the United States averaged 2502.70 USD Billion from 1995 until 2021, reaching an all time high of 3596.48 USD Billion in the fourth quarter of 2021 and a record low of 1215.60 USD Billion in the second quarter of 1995.

Source: Trade Economics US

The Gross Domestic Product (GDP) in the United States expanded 5.50 percent in the fourth quarter of 2021 over the same quarter of the previous year. GDP Annual Growth Rate in the United States averaged 3.14 percent from 1948 until 2021, reaching an all time high of 13.40 percent in the fourth quarter of 1950 and a record low of -9.10 percent in the second quarter of 2020. The United States is the world

Source: Trade Economics US

Gross National Product in the United States increased to 19707.31 USD Billion in the third quarter of 2021 from 19568.08 USD Billion in the second quarter of 2021. Gross National Product in the United States averaged 9288.85 USD Billion from 1950 until 2021, reaching an all time high of 19707.31 USD Billion in the third quarter of 2021 and a record low of 2199.23 USD Billion in the first quarter of 1950. United States Gross National Product

Source: Trade Economics US

GDP Constant Prices in the United States increased to 19806 USD Billion in the fourth quarter of 2021 from 19478.89 USD Billion in the third quarter of 2021. GDP Constant Prices in the United States averaged 9247.26 USD Billion from 1950 until 2021, reaching an all time high of 19806 USD Billion in the fourth quarter of 2021 and a record low of 2186.37 USD Billion in the first quarter of 1950. United States GDP Constant Prices

Source: Trade Economics US

GDP Deflator in the United States increased to 119.12 points in the third quarter of 2021 from 117.41 points in the second quarter of 2021. GDP Deflator in the United States averaged 55.24 points from 1950 until 2021, reaching an all time high of 119.12 points in the third quarter of 2021 and a record low of 12.85 points in the first quarter of 1950. The GDP Deflator measures the change in prices of final goods and services and it is considered as a key indicator for inflationary pressures, that provides insight into the future direction of monetary policy.

Source: Trade Economics US

Real Consumer Spending in the United States increased to 3.30 percent in the fourth quarter of 2021 from 2 percent in the third quarter of 2021. Real Consumer Spending in the United States averaged 3.35 percent from 1950 until 2021, reaching an all time high of 41.40 percent in the third quarter of 2020 and a record low of -33.40 percent in the second quarter of 2020. In the United States, personal consumption expenditure (PCE) is the primary measure of consumer spending in the U.S. economy. It is the National Income and Product Account (NIPA) final-demand component that measures the value of the goods and services purchased by, or on the behalf of, persons who reside in the United States. This page includes a chart with historical data for the United States Real Consumer Spending QoQ.

Source: Trade Economics US

GDP Sales QoQ in the United States increased to 1.90 percent in the fourth quarter of 2021 from 0.10 percent in the third quarter of 2021. GDP Sales QoQ in the United States averaged 3.18 percent from 1950 until 2021, reaching an all time high of 25.90 percent in the third quarter of 2020 and a record low of -27.60 percent in the second quarter of 2020. In the United States, final sales of domestic product equals GDP less change in private inventories. It is also equal to the sum of personal consumption expenditures, gross private fixed investment, government consumption expenditures and gross investment, and net exports of goods and services. This page includes a chart with historical data for the United States GDP Sales QoQ.

Source: Trade Economics US

Durable Goods Orders in the United States decreased 0.90 percent in December of 2021 over the previous month. Durable Goods Orders in the United States averaged 0.35 percent from 1992 until 2021, reaching an all time high of 23.50 percent in July of 2014 and a record low of -19 percent in August of 2014. Durable Goods Orders refer to new orders placed with manufacturers for delivery of hard goods which meant to last at least three years.

Source: Trade Economics US

Core PCE Prices QoQ in the United States increased to 4.90 percent in the fourth quarter of 2021 from 4.60 percent in the third quarter of 2021. Core PCE Prices QoQ in the United States averaged 3.21 percent from 1959 until 2021, reaching an all time high of 11.90 percent in the third quarter of 1974 and a record low of -0.80 percent in the second quarter of 2020. This page includes a chart with historical data for the United States Core PCE Prices QoQ.

Source: Trade Economics US