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U.S. building permits rise less-than-expected

Published 11/17/2010, 08:46 AM
EUR/USD
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Investing.com – The number of building permits issued in the U.S. rose less-than-expected in October, official data showed on Wednesday.

In a report, the U.S. Census Bureau said the number of building permits issued in October was a seasonally adjusted 0.55 million, unchanged from 0.55 million in September, whose figure was revised up from 0.54 million.

Analysts had expected building permits to rise to 0.57 million in October.

The report also said that U.S. housing starts fell more-than-expected in October, falling to a seasonally adjusted 0.52 million, after rising to 0.59 million in September, whose figure was revised down from 0.61 million.

Analysts had expected housing starts to remain unchanged at 0.59 million in October.

Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.09% to hit 1.3503.

Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures pointed to a gain of 0.24%, S&P 500 futures pointed to a rise of 0.27%, while the Nasdaq 100 futures were up 0.32%.


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