US existing homes sales dropped in March

Source: Bloomberg
Sales of US existing homes unexpectedly declined in March, the third time during last four months, indicating disproportionate recovery in the property market. previously owned home purchases fell 2.6% to a annual 4.48 million compared to annual 4.6 million rate in February. Economists questioned by Bloomberg predicted an increase to 4.61 million. Nevertheless housing market follows upward trend in last 9 months, claimed Steven Wood Insight Economic's president. 
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Fri, 20 Apr 2012 06:44:16 GMT

Philadelphia index of manufacturing activity grew less then expected in April

Manufacturing index measured by Federal Reserve of Philadelphia dropped more than predicted in April. The measure fell from 12.5 in March to 8.5 in April. Economists questioned by Marketwatch forecast the gauge to decline less to 10.8. Any figure above zero means that more producers are amplifying their businesses instead of contracting. 

Fri, 20 Apr 2012 06:13:44 GMT

US jobless claims unexpectedly surged last week

The number of applications for US unemployment benefits unexpectedly fluctuated close to four-month record high last week, signalling the recovery may be slowing. Jobless claims declined by 2000 from a reviewed 388 000 to 386 000 during the week that ended April 14, Labor Department reported on Thursday. Economists questioned by Bloomberg earlier predicted a fall to 370 000.

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