March 30, 2014
Japanese construction stagnates in February
Japan's housing starts growth slowed down more than expected in February, Rtt News reported quoting official data released today by the Japanese Ministry of Land, Infrastructure, Transport and Tourism. Moreover, construction orders also grew at a slower pace than in January. Housing starts increased only 1% as compared to February 2013, after economists were expecting a 6,1% rise after the 12,3% one registered in January. Housing starts at an annualized rate fell to 919,000 from 987,000 in January. Construction orders received by 50 big contractors climbed at ...
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