Tuesday, August 24, 2010

Quick Overview

  • The National Association of Realtors said U.S. sales of previously owned homes dropped a record 27.2 % from June to an annual rate of 3.83 million units, the lowest level since May 1995. June's sales pace was revised down to a 5.26 million-unit pace. Analysts expected existing home sales to fall 12%.
  • Germany's GDP expanded at 2.2% in Q2
  • South Africa's GDP rose 3.2% QoQ
  • Germany's deficit rose to 3.5% of economic output in the first half of 2010.

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