Partly reflecting a decline in inventory and a small rise in mortgage rates, the National Association of Realtors released a report on Wednesday unexpectedly showing a sharp pullback in U.S. pending home sales in the month of October.NAR said its pending home sales index plunged by 1.7 percent to 106.7 in October after surging up by 1.4 percent to a revised 108.6 in September.Economists had expect...
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.