U.S. economy rises 2.5% in Q2

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Source: RTT News
© Scanpix/RS
Performance of the U.S. economy advanced at unrevised rate in the Q2, the latest report published by the Commerce Department showed on Thursday. According to the report, gross domestic product of the world's largest economy rose by 2.5% matching previous estimates, while economists had projected the rate of growth to be upwardly revised to 2.6%.

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Thu, 26 Sep 2013 15:51:41 GMT

Eurozone's leading indicator rises in August for third time in row

Performance leading indicator of the 17-nation bloc economy advanced for the third consecutive month in August suggesting that the economic situation in the area is improving, a data released by the Conference Board showed on Thursday. The leading economic index added 0.9% on a monthly basis to 108.9 in August, following a 0.8% gain and 0.6% in July and June

Thu, 26 Sep 2013 15:00:04 GMT

U.S. pending sales of existing homes declined 1.6% in August

Less contracts for previously owned houses were signed in August, adding to the case of slowing housing market momentum due to increasing mortgage rates. The pending home sales index dropped 1.6%, while economists had expected 1% reduction. The average rate of a fixed mortgage for 30 years was 4.58% as of August 22, the highest level since July 2011.

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