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Factories Gain Steam, With Purchaser Gauge At Best Since May '00 Construction Spending Up Hiring is around corner, as weaker dollar ensures rise in orders for export.(A)
Byline: IBD STAFF AND WIRE REPORTS
Manufacturing activity continued to expand in May while construction spending rebounded smartly, all part of a picture of an economy finding its footing after nearly a year in recession.
Neither report buoyed stocks. They saw another day of steep losses. Treasuries edged up.
The Institute for Supply Management said its activity index rose to 55.7 in May from 53.9 in April.
Above 50 signifies growth; below that, contraction. Analysts had expected 55.0. The May level was the highest since 2000.
Separately, the Commerce Department said construction spending in April rose 0.2% from March to a seasonally adjusted annual rate of $871.9 billion.
Much of it came from commercial projects, including office buildings and industrial complexes. In March, construction fell a downward revised 1.2%.
- CONSTRUCTION SPENDING INCREASES 1.4%.(Business)
- Newspaper article from: Rocky Mountain News (Denver, CO) June 4, 1996 700+ words
...homes and commercial projects alike. Spending...in April. Construction spending rose 1.4...residential construction spending - which accounts...Monday report. Construction spending on commercial projects, such as...
- CONSTRUCTION SPENDING FALLS UNEXPECTEDLY IN FEBRUARY COMMERCIAL BUILDING SAGS,...
- Newspaper article from: Rocky Mountain News (Denver, CO) April 2, 1996 700+ words
...WASHINGTON -- U.S. construction spending unexpectedly dropped...overall residential construction spending showed no change from...Chicago. Meanwhile, construction spending on commercial projects, including factories...
- Construction Spending: A Slight Dip for the Year.
- Newspaper article from: Kiplinger Business Forecasts August 23, 2002 700+ words
...the recovery, overall construction spending will dip in the months...brighter. While residential construction spending-buoyed by low interest...months to build while commercial projects take an average of around...he says. U.S. construction spending accounts for about ...
- Construction Spending Is Slightly Up.(Brief Article)(Statistical Data Included)
- Magazine article from: Air Conditioning, Heating & Refrigeration News July 10, 2000 700+ words
...reported that construction spending moved slightly...had called for construction spending to decline by...Previously, April construction spending had dropped by...in spending on commercial projects, which made...
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- Newspaper article from: The Journal Record Katherine Hobson June 3, 1995 700+ words
...Business News WASHINGTON _ U.S. construction spending unexpectedly rebounded during April...encouraged wary consumers to buy. Construction spending rose 0.4 percent in April to...Department figures showed. In March, construction spending declined by 0.4 percent. Nevertheless...
- Construction spending rose a surprising 2.7% in January to a record annual rate...
- Magazine article from: Purchasing March 23, 2000 700+ words
...expected January construction spending to gain less...percent. Total construction spending on private projects...Residential construction spending rose 2.5...residential commercial projects rose 3.2...
- US Construction Spending Down by 0.9 Percent in May
- Newspaper article from: Xinhua English Newswire July 1, 1996 700+ words
...the increase of construction spending in April to 2...month ago. The construction spending in May was pulled...total U.S. construction spending. Specifically...Spending on other commercial projects such as shopping...
- Construction Spending Rises for 3rd Straight Month
- Newspaper article from: The Washington Post January 7, 1989 700+ words
Construction spending rose 0.8 percent in November...November's seasonally adjusted construction spending-at an annual rate of $411...first 11 months of 1988, construction spending was up a lackluster 1 percent...
