Factory sector activity in the U. S. declined unexpectedly last month, even as price pressures picked up, the results of a closely-followed survey revealed.
US construction spending fell by 0. 2% month-on-month in March, according to the Census Bureau, following a revised flat reading in February and missing market expectations for a 0. 3% increase.
US mortgage applications fell 2. 3% in the week ended 26 April, according to the Mortgage Bankers Association, extending the two-month-high decline of 2. 7% seen in the previous week.
