U.K. construction sector shrinks for fifth consecutive month

Source: RTT News
Construction sector in the U.K. continued to shrink for the fifth successive month in March, however the pace of contraction was lower than recorded in February, the data released by the Markit Economics showed on Wednesday. The construction sector Markit/CIPS purchasing managers' index rebounded from a 40-month low at 46.8 in February to 47.2 in March.

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Thu, 04 Apr 2013 07:38:06 GMT

Silver dips on weak China's demand, high inventories

Precious metals plunged on Wednesday as market participants locked in profits after the last week's rally. Moreover, signs of weak investment demand added pressure on the commodity group. However, weakness in the US Dollar and robust car sales in the US were supportive for precious metals. Gold slid amid soft investment demand. Holdings in ETPs reached 2,437.38 metric tonnes on Wednesday,

Thu, 04 Apr 2013 06:13:07 GMT

U.S. service sector grows at slower rate in March

Service sector in U.S. expanded for the thirty ninth successive month in March, however, the growth was slower than projected, the data revealed by the Institute for Supply Management showed on Wednesday. The ISM's non-manufacturing index slipped from a level of 56 recorded in February to 54.4 the following month compared to forecast saying the reading would stay flat at

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