the views given are those of chief economist and his staff ncb has no liability whatsoever for consequences any reliance which may be placed upon these tel 966 2 643 7825 fax 644 9783 attention mr frank rubrico f alahli com market review & outlook national commercial bank economics department january 24 2003 volume 12 issue 3 summary international developments october 2002 as fears over a war in middle east worsening job dampened recovery prospects on other hand housing starts rose by significant 5 to an annual ized rate 1 835 million units december 15 9 same period year before furthermore retail sales went up last month following 0 gain november mainly due burst automobile us consumer prices slightly simi lar core price index cpi ex cludes volatile food energy at time producer ppi re mained flat after falling
