Retreating tech leaves US weaknesses exposed
Kia ora,
Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
Today we lead with news the real economic markers in the world's largest economy painted a very lackluster picture today.
US mortgage applications retreated again last week, for a second consecutive week. But these are still running well above year-ago levels. The refinance activity retreated but the big fall was for new purchase finance.
Private businesses in the US added just +22,000 jobs in…
The skinny
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