U.S. Economic News
February 19, 2021
U.S. Economic Indicators
Existing home sales rose 0.6% to a seasonally adjusted annual rate of 6.7 million in January and were up 23.7% compared to a year ago. Home sales increased on a month-on-month basis in the Midwest and the South while sales increased substantially on a year-on-year basis in all four major regions. NAR Report
U.S. News
The Wall Street Journal reports that while manufacturing output is accelerating around the globe, the service sector continues to lag behind in Japan and the Eurozone. In contrast, the U.S. may be better positioned than most, as data show steady growth in both the services and manufacturing sectors. WSJ