Japan housing starts

By IBTimes Staff Reporter | August 31 2010 1:14 AM

The Japanese economy issued the housing start annual reading which rose 4.3% during July. While the actual reading came better then a previous reading of 0.6%, and the analysts' expectations referred to 2%.

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Also annualized housing starts recorded 0.772 million unit in July, compared with a previous 0.750 million unit, while the actual reading is higher than analysts' forecasts that estimated to 0.756 million unit.

Moreover, the construction orders which started inception during July, where the index released with -0.7%, compared with a pervious of -10.2% a year earlier.

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