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Also known as "worksite" advanced for the third month in September, 0 3pc in an adjusted annual rate of 610,000 units more according to the Commerce Department. Economists expected construction to slip to 580,000 in September to August figure revised 608,000 units.

Encouraging data were offset by a decrease in the number of new licences, which fell by 5 6pc to 539,000 last month construction - which indicates that any recovery on the housing market might be short total durée.Le was dragged by a 20 2pc fall in permits for multi-family buildings, whereas licences for single-family homes increased by 0 5pc.

The figures given to renew their call for a new cycle of quantitative (ve) economists relaxation with the Fed likely to agree to pump more money into the economy of its meeting of November.

"The weakness on the front of the housing and the potential for a drag more housing support like EQ," said Michelle Meyer, a senior economist at the Bank of America Merrill Lynch in New York, which predicts the Fed announced a fresh $500bn (￡ 320bn) stimulus distributed over six months.

Monday, a survey has shown that the feeling among manufacturers had improved this month .Cependant, Yelena Shulyatyeva, an economist at BNP Paribas in New York, has warned that any pick-up is likely to be "painful" and "take the time to develop.

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