U.S. construction spending rebounds in February

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Source: RTT News

Construction spending in the U.S. rebounded by more than economists expected in February after it recorded a notable decline in the month before, a data released by the Commerce Department showed on Monday. The data said that construction spending added 1.2% to $885.1 billion in February after it recorded a level of $874.8 billion in the prior month.


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Tue, 02 Apr 2013 05:15:20 GMT

Turkey's GDP rises annually by 7.4% in Q4

Economic performance of the Turkish economy continued to slow down in the last three month of 2012, according to the Turkish Statistical Institute report released on Monday. The report showed that the nation's gross domestic product rose on a monthly basis by 1.4% in the Q4 following a 1.6% advance in the Q3 and a 2.9% increase in the Q2.

Tue, 02 Apr 2013 05:13:52 GMT

U.S. manufacturing activity rises at slower rate than forecast

U.S. manufacturing sector activity increased at the slower pace than preliminary estimated in March, according to a survey released by the Institute for Supply Management on Monday, when the ISM purchasing managers index declined from 54.2 in February to 51.3 in March. The Index recorded the fourth successive month with reading above 50, but it was expected to grow to

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