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17 November 2023,00:34

Weekly Outlook

US Existing Home Sales May Experience Further Declines

17 November 2023, 00:34

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The Week Ahead: Week of 20 Nov (GMT+2)

Tuesday, 21 Nov, 17:00 – US Existing Home Sales (Oct)

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.

Wednesday, 22 Nov, 15:30 – US Core Durable Goods Orders (MoM) (Oct)

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.

Friday, 24 Nov, 09:00 – EU German GDP (QoQ) (Q3)

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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