Japan housing starts rebound in September

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Source: RTTNews
© Scanpix/Reuters
Japan's housing starts rebound strongly in September, after three consecutive months of contraction, the Ministry of Land, Infrastructure, Transport and Tourism said on Wednesday. Housing starts rose 15.5% year-on-year, compared to a 5.5% contraction in August. However, economists expected a faster increase of 17%. 

Total housing starts were at annualized 866,000 in September from 888,000 in the previous month. Meanwhile, analysts had expected a reading of 870,000 starts. Construction orders for 50 major contractors advanced 3.6%, slightly slower than a 8.7% growth rate in August.
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Wed, 31 Oct 2012 16:53:02 GMT

Eurozone unemployment rate reaches a new high

In September, the eurozone unemployment rate reached a new peak as the debt crisis sharpened, thus creating concerns about recession. The jobless rate surged to 11.6 per cent the former month from 11.5 per cent in August.  Throughout the last twelve months, the number of unemployed increased by 2.174 million to 18.49 million people. Austria and Luxembourg had the lowest rates, while Spain and Greece

Fri, 02 Nov 2012 09:39:49 GMT

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