In the Eurozone, construction output fell by 0.2% compared to a forecast of -%, with previous data at 0.10%. German PPI MoM was 0% against a forecast of 0.1% and previous data of 0.2%. In the US, building permits decreased by -3.8% from a forecast of 0.7%, with previous data at -3.0%. Housing starts in the US also saw a decline of -5.5% compared to a forecast of 0.7%, with previous data at 5.7%.
U.S. May building permits fall -3.8% to 1.386M; est. 1.450M; prev. 1.440M. Lowest since January 2024.
⚠️BREAKING: *U.S. MAY BUILDING PERMITS FALL -3.8% TO 1.386M; EST. 1.450M; PREV. 1.440M *LOWEST SINCE JANUARY 2024 🇺🇸🇺🇸 https://t.co/5WvhtUXqoJ
⚠️BREAKING: *U.S. MAY HOUSING STARTS TUMBLE -5.5% TO 1.277M; EST. 1.370M; PREV. 1.352M *LOWEST SINCE JUNE 2020 🇺🇸🇺🇸 https://t.co/zp5OLJp67P
US Housing Starts May: 1277K (est 1370K; prevR 1352K) - Building Permits May: 1386K (est 1450K; prev 1440K) - Housing Starts (M/M) May: -5.5% (est 0.7%; prevR 4.1%) - Building Permits (M/M) May: -3.8% (est 0.7%; prev -3.0%)
USA Initial Jobless Claims 238K Vs 235K Est.; 243K Prior Philadelphia Fed Manufacturing Index (Jun) 1.3 vs 4.8 Est. Building Permits (MoM) (May) -3.8% vs +0.7% Est. USA Housing Starts MoM For May -5.5% Vs 0.7% Est; 4.1% Prior
*(US) INITIAL JOBLESS CLAIMS: 238K V 235KE; CONTINUING CLAIMS: 1.83M V 1.80ME (highest since early March) *(US) MAY HOUSING STARTS: 1.277M V 1.370ME; BUILDING PERMITS: 1.386M V 1.450ME (More at https://t.co/RMWasmKAon)
🔴 US HOUSING STARTS NUMBER ACTUAL 1.277M (FORECAST 1.37M, PREVIOUS 1.360M) $MACRO
US BUILDING PERMITS CHANGE MOM ACTUAL -3.8% (FORECAST 0.7%, PREVIOUS -3.0%) $MACRO
US HOUSING STARTS CHANGE MOM ACTUAL -5.5% (FORECAST 0.7%, PREVIOUS 5.7%) $MACRO
🇺🇸 Housing Starts MoM (May) Actual: -5.5% Expected: 0.7% Previous: 4.1% https://t.co/jSTbXk4dwT
US BUILDING PERMITS NUMBER ACTUAL 1.386M (FORECAST 1.45M, PREVIOUS 1.440M) $MACRO
🇺🇸 United States Building Permits (May) $USD Actual: 1.386M 🔴 Expected: 1.450M Previous: 1.440M
🇺🇸 United States Housing Starts (MoM) (May) $USD Actual: -5.5% 🔴 Expected: 0.7% Previous: 4.1%
Heads Up:🇨🇦 New Housing Price Index YoY (May) due at 12:30 GMT (15min) Previous: -0.1% https://t.co/jSTbXk4dwT
Heads Up:🇺🇸 Philadelphia Fed Manufacturing Index (Jun) due at 12:30 GMT (15min) Expected: 5 Previous: 4.5 https://t.co/jSTbXk4dwT
Heads Up:🇺🇸 Building Permits Prel (May) due at 12:30 GMT (15min) Expected: 1.45M Previous: 1.440M https://t.co/jSTbXk4dwT
Heads Up:🇺🇸 Building Permits MoM Prel (May) due at 12:30 GMT (15min) Previous: -3% https://t.co/jSTbXk4dwT
Heads Up:🇺🇸 Housing Starts MoM (May) due at 12:30 GMT (15min) Previous: 5.7% https://t.co/jSTbXk4dwT
GERMAN PPI YOY ACTUAL -2.2% (FORECAST -2%, PREVIOUS -3.3%) $MACRO
GERMAN PPI MOM ACTUAL 0% (FORECAST 0.1%, PREVIOUS 0.2%) $MACRO
EUROZONE CONSTRUCTION OUTPUT MOM ACTUAL -0.2% (FORECAST -, PREVIOUS 0.10%) $MACRO