Canadian housing starts rise in February

Source: CMHC

Canada's housing starts bounced back in the month of February amid a rebound of multi-family starts in Ontario and Quebec, suggesting that the housing market is continuing to moderate in 2013, a data released by the Canada Mortgage and Housing Corporation showed on Friday. The seasonally adjusted annualized rate of housing starts went up from 158,998 in January to February's level of 180,719 units.


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Fri, 08 Mar 2013 16:03:03 GMT

Employment in U.S. grows notably in February

U.S. employment accelerated notably above economists' predictions in February as the growth of new jobs pushed down the unemployment rate to its lowest level in four years, the Labor Department reported on Friday. After an improvement of non-farm payroll employment in January by 119,000 jobs, it continued to grow in February by 236,000 jobs compared to a forecast of 171,000

Fri, 08 Mar 2013 14:57:03 GMT

German industrial production stays unchanged in January

Industrial output in Germany stayed unchanged in the month of January as a notable improvement of production in the construction sector was compensated with a drop in the manufacturing and energy industries, the Economy Ministry reported on Friday. The report showed a 3% increase of the construction output in January, while manufacturing and energy declined 2.3% and 0.2%, respectively.

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