Decline in US pending home sales

US pending home sales index fell 3.2% month-on-month in July from an upwardly revised reading of +5.8% in April, it has been revealed.

US pending home sales index fell 3.2% month-on-month in July from an upwardly revised reading of +5.8% in April, it has been revealed.

This decline was behind the consensus forecast decline of 1.5%.

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