U.S. housing starts advance faster than forecast in March

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Source: RTT News
U.S. housing starts increased by much more than preliminary estimated in March as new construction of multi-family properties recorded a substantial increase, a data unveiled by the Commerce Department showed on Tuesday. According to the data, housing starts climbed 7% to 1036 million in March after it recorded 968,000 in February.

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Tue, 16 Apr 2013 15:58:43 GMT

Pound depreciates versus Euro on higher inflation than target

The British Pound weakened by 0.5% to 85.74 per pence to Euro in the second part of London trading session on Tuesday. The pair was slipped to a 85.82 pence level, which was the lowest since 20th of March. Investors trade the Pound with negative sentiments, as a consumer price report indicated a 2.8% inflation in March, what was above

Tue, 16 Apr 2013 17:04:03 GMT

U.S. consumer prices fall amid decrease in energy prices

Consumer prices in the world's largest economy recorded a modest drop in March mainly due to a steep decline in energy prices, a report released by the Labor Department showed on Tuesday. According to the report consumer price index fell 0.2% in March reversing a 0.7% increased recorded the month before, while it was expected to stay flat in March.

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