Europe: Germany raises growth forecast — The German economy is expected to grow by 0.5% this year, up from the previous estimate of 0.4%, the German Economics Ministry announced on Thursday. German GDP is still expected to grow 1.6% in 2014, unchanged from previous growth prediction.
US: In the week ending April 20, the number of Americans initially applying for unemployment benefits dropped 16,000 to 339,000, the Labor Department said Thursday. Meanwhile, the four-week moving average, a less volatile measure, decreased 4,500 from the previous week’s revised figure to 357,500, it added.
US: U.S. new home sales up 1.5% in March — Sales of new single-family houses in the United States rose in March from the prior month, evidence of sustained recovery of the housing market, the U.S. Commerce Department reported Tuesday. Sales of new single-family houses in March increased to a seasonally adjusted annual rate of 417,000 units, a gain of 1.5 percent from the revised February level of 411,000. Meanwhile, the median sales price of new houses sold in March was 247,000 U.S. dollars, lower than the figure registered in February but higher than the year-ago level. The seasonally adjusted estimate of new houses for sale at the end of March was 153,000 units, which represented a supply of 4.4 months at the current sales rate.
(Xinhua, 23/04/13) Continue reading What happened this past week 22/04 – 26/04