HONG KONG, June 26 /PRNewswire-Asia/ -- The flash estimate for Singapore residential property prices during the second quarter is released next week. This should confirm that there has been some easing in the pace of property price declines compared to the dramatic fall of 14% seen in Q1.
US construction sector weak but may be improving
An update on the US construction sector is due with the release of construction spending data on Wednesday 1st, followed by construction employment on Thursday 2nd. This information is divided into residential and nonresidential sectors, and provides valuable insight into the health of the construction industry.
Credit conditions in the UK only modestly easier
The Q2 Bank of England Credit Conditions Survey is due for release on Thursday 2nd. This provides a timely insight on how the appetite for credit is changing in the light of the slightly better news flow on the economy and the pick-up in activity in the residential property market.
German construction orders rise strongly in April
German monthly construction orders data for April were released by the Bundesbank on Thursday 25th. Total orders increased by 6.3% on the month, pushing the annual growth rate up to -9.1% (from -14.4% previously).
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