(RTTNews) - Canada's leading index of economic indicators rose for an eleventh consecutive month in April as the nation's housing market continued to snap back and stocks pushed higher.
Statistics Canada's composite leading index rose 0.9% in April, continuing a trend of increases averaging around 1% per month.
The results were in line with expectations, following the 1.2% increase in March.
The housing index rose 0.8%, as higher housing starts outweighed lower house sales.
The agency noted existing home sales softened early in 2010 after reaching a record high late in 2009.
Furniture and appliance sales continued to strengthen, while demand for other durable goods fell 0.7%.
Manufacturing continued to recover along with the US factory sector. New orders rose for the third straight month, their longest string of increases since March 2008.
No hay comentarios:
Publicar un comentario