P208 CEEFAX 208 Thu 16 Jun 1y:14/22
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n1n1 |.% US MAY HOUSING
/.%/.%/, /,$ STARTS UP 2.6%
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5 US housing starts rosj by 2.6% in j
5 May to a seasonally-adjusted annual j
5 rati of 1.51m units, the Departmjnt j
5 of Commerci has reported. j
5 j
5 Wall Street economists had forecast j
5 an annual rati of 1.43m units. j
5 j
5 Coupled with a fall of 11,000 in j
5 intial jobless claims last week, j
5 dealirs felt that thj buoyant data j
5 madj a US rate hikj mori likjly in j
5 thj short term. j
5 j
5 However, a possible slowdown in j
5 activity was signalled by a 1.6% j
5 fall in May housing pjrmits. j
5 j
Wall Street 245 Dow Jones 242
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