Construction Spending Hits All-Time High
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WASHINGTON - Construction spending surged in August to the highest level on record, while manufacturing grew at a slower pace in September, offering mixed signals about the economy's strength.    The Commerce Department reported Friday that the value of buildings put in place clocked in at a seasonally adjusted annual rate of $1.02 trillion, a record high...
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America's deficit in the broadest measure of trade shot up to an all-time high in the summer, reflecting the huge jump in the country's foreign oil bill.
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Get ready for new-home prices and remodeling costs to jump even higher because of unexpected continuing demand in America, also because of the construction explosion in China, record worldwide oil prices and, now, a triple play of devastating hurricanes.
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NEW YORK Oct. 1, 2004 - Manufacturing activity remained strong in September and construction spending surged to a record high in August, according to a pair of reports issued Friday that provided an optimistic look at the sturdiness of the economy.
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Australia's main share index hits a new all-time high, buoyed by positive economic news.
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Insurance payments to the thousands hit by floods last month are taking place rapidly, the industry says.
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The nation's industrial sector ended 2004 on a high note, with manufacturing activity expanding in December for the 19th consecutive month, a research group reported. But the government said construction spending dropped in November as builders reined in projects in anticipation of higher interest rates.
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U.S. factory growth stayed strong in  September, according to reports on Friday, while construction  spending hit a record high in August for a seventh month in a  row, showing the economy's expansion remains solid.
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Construction spending edged up slightly in November as a continued steep slump in housing was offset by record spending on government and business projects. But a key gauge of manufacturing activity fell in December to the lowest point in almost five years.
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Construction of new homes and apartments rose 4.7 percent in January to the highest level in over two decades as low mortgage rates continued to power the nation's housing industry.
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U.S. personal spending jumped a much  bigger-than-expected 1.1 percent in November, the sharpest rise  in more than two years, while prices rose, a Commerce  Department report showed on Friday.
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UK mortgage lending and mortgage approvals are running at their highest level since 2003, the Bank of England says.
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US manufacturing activity remained strong in September and construction spending surged to a record high in August, according to a pair of reports issued Friday that provided an optimistic look at the sturdiness of the economy.
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The number of older Americans in the   work force hit a record high last month, and employment in that   age group has grown faster than any other, according to   research released on Wednesday.
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The Dow Jones industrial average finished at an all-time closing high on Tuesday, surpassing the previous record set in 2000, as investors bet that sliding crude oil prices will stimulate consumer spending and lift corporate profits even as the economy slows.
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Consumer spending in the US rises by its largest amount in three-and-a-half years in November, figures show.
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US factory growth stayed strong in September, according to reports on Friday, while construction spending hit a record high in August for a seventh month in a row, showing the economy&#39;s expansion remains solid.