Housing starts decline for third straight month
Dec manufacturing PMI falls to 53.7, matching January low
Washington
HOUSING starts declined 1.6 per cent to a 1.03 million annualised rate in November for a third consecutive month, continuing a slow recovery in the housing market.
The figure fell from a 1.05 million pace in October that was stronger than previously estimated, figures from the Commerce Department showed on Tuesday in Washington. The last time starts exceeded one million for three months straight was in early 2008.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
World food prices up in April for second month, says UN agency
Heatwave swells Asia's appetite for air-conditioning
Labour wins UK by-election as Tory PM Sunak stares at more losses
South Korea to slap fines on food suppliers for ‘shrinkflation’
Stormy Daniels’ ex-lawyer in the hot seat at Trump trial
New Zealand says ‘seriously concerned’ by China’s increased security actions in Pacific