Tag: Euros to US dollar

U.S. PMI Manufacturing Index Edged Down to 52.4%

Today the U.S. Manufacturing ISM report was published; according to the update, the U.S. Manufacturing PMI growth rate edged down again to 52.4% during February. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S.…

U.S. Pending Home Sales Rose in January 2012

According to the U.S. pending homes sales report, which was published yesterday, the real estate market has changed direction as pending home sales rose during January 2012; furthermore the January 2012 U.S. pending home sales index was well above the…

Euro Area GDP Decreased by 0.3% in Q4 2011

The Euro Area GDP contracted by a rate of 0.3% during the fourth quarter of 2011; this drop in GDP is mainly due to the contraction of Germany’s economy during the quarter by 0.2%. This contraction is the first time…

U.S. Pending Home Sales Fell in December 2011

According to the recent U.S. pending homes sales report the market changed direction as  pending home sales fell during December 2011; on the other hand the December 2011 U.S. pending home sales index was well above the December 2010 index.…

Euro Area Inflation Declined to 2.8% December 2011

According to the recent Eurostat report the Euro Area inflation rate slightly slipped by 0.2 percent points to reach an annual inflation rate of 3% in December 2011. This decline comes despite the recent cuts in the ECB’s interest rates.…