US Housing Construction Falls 12.8%
New home construction fell by 12.8 percent for the month of April according to information released today by the US Commerce Department. This represents a seasonally-adjusted annual rate of 458,000 new units – the lowest rate of construction in over fifty years – and far from expected results of a slight increase due to recent signs that the recession is waning. More
UK Growth Continues to Stall
The UK economy continued to slow in April with the Consumer Price Index (CPI) falling to 2.3 percent while retail prices contracted the most ever recorded since statistics were first tracked in 1948. More
Crude Set to Break $60?
Crude prices jumped as traders in Europe drove the price up 87 cents to $59.90 a barrel in midday trading on the New York Mercantile exchange for contracts to settle in June. More
Investor Confidence in Germany Hits 3-Year High
The ZEW Center for European Economic Research said today that the index it uses to gauge investor confidence has jumped to a three-year high in Germany. More
