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Other Industry News > General Economic News
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Canadian CPI posts March increase
Canada's Consumer Price Index rose 1.5% in the 12 months to March, following a 1.1% increase in February, according to Statistics Canada. The larger year-over-year rise in the March CPI compared with February was led by energy prices, which rose 4.6% in the 12 months to March. For more, click here...
Consumer sentiment hits highest point since July
Consumer confidence in the U.S. hit its highest level since last July, according to the Thomson Reuters/University of Michigan preliminary index of consumer sentiment. The index was at a reading of 82.6 this month, up from a four-month low of 80 in March. Further improvement in the labor market following a weather-related slowdown earlier in the year was cited for the gain. For more, click here...
U.S. construction spending edges higher
Construction spending during February was estimated at a seasonally adjusted annual rate of $945.7 billion, 0.1% higher than the revised January estimate and 8.7% above the February 2013 estimate, according to the Census Bureau. Residential construction was at a SAAR of $360.4 billion in February, 0.8% below the revised January estimate. For more, click here...
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