Exact(12)
The drop from 0.1percentt in January was mainly a reflection of the weaker housing market.
With luck, signs of a weaker housing market will concentrate minds in Washington, DC as the next decision over the debt ceiling approaches.
Employment in the three-year economic expansion has been slow to recover in some states that are contending with weaker housing markets or industries.
But it is likely to take a different approach because of the weaker housing market and higher unemployment in those towns.
The deceleration may have been exaggerated by the strong figure for January, when the weather was unseasonably warm, but the overall trend is clear.Less frenetic building will be the most direct way that a weaker housing market affects the economy.
The decline was attributed to pessimism about the labour market, a weaker housing market and fears of inflation.Japan has adjusted its method of calculating inflation to reflect changing trends in household spending.
Similar(48)
One of the challenges is a persistently weak housing market.
Weak housing numbers may be concealing higher inflation.
The weak housing market helped keep prices down.
The Case-Shiller release capped a run of weak housing reports.
But it might depress an already weak housing market and hit some middle-class homeowners hard.
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