#construction-sector

#construction-sector

German industrial production unexpectedly jumped in October, official data showed Monday, the latest sign that Europe's crisis-wracked top economy may be turning a corner. Factory output rose 1.8 percent month-on-month, according to preliminary data from federal statistics agency Destatis, after a 1.1 percent rise in September. The positive result, boosted by the construction and the machinery sectors, was far better than a 0.55 percent decline forecast by analysts surveyed by financial data firm FactSet.

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,428,000, which is 5.2 percent above the revised June estimate. Meanwhile, permits hit a cycle low at 1,354,000.