China's Consumer Price Inflation Rose, Finally Portugal Outlook Raised and Lithuania Sees Rating Upgrade

As expectations, China's consumer price inflation accelerated in March on higher food prices, but remained within the government's full year 3.5 percent target, data from the National Bureau of Statistics revealed Friday. Consumer prices rose 2.4 percent from a year ago following a 2 percent rise in February. The growth matched economists expectations

Latest update from Britain, U.K. Construction Output Falls Most In 3 Months On Bad Weather, Construction output in the United Kingdom declined in February at the fastest pace in three months, owing to severe bad weather, the Office for National Statistics said Friday. Construction output decreased 2.8 percent from January, when it rose 2.1 percent, revised up from 1.8 percent. The latest decline was the worst since November, when output fell 4.1 percent

Economic news from Lisbon, Finally Portugal Outlook Raised; Lithuania Sees Rating Upgrade, Credit rating agencies were out in full force on Friday and some European countries saw their prospects brighten, while some were dealt a blow with downgrades. Fitch Ratings upgraded the outlook on Portugal's credit rating to 'positive' from 'negative' on Friday, citing the good progress the country has made in reducing the budget deficit. The ratings were affirmed at 'BB+'

Meanwhile, from U.S. Labor Department, U.S. Producer Prices Rise Much More Than Expected In March, Producer prices in the U.S. rose by much more than expected in the month of March, according to a report released by the Labor Department on Friday

Source: rtt news