Construction Spending Hits Surged in August
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Construction spending in August hit the highest level on record, fresh evidence that the housing market is helping move the economy ahead.
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Household spending in France rose in August for a second month in three and Italian consumers were more confident in September, signaling domestic demand may help drive European growth in the second half.
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U.S. factory growth stayed strong in September according to reports on Friday, while construction spending in the prior month hit a record high for a seventh month in a row, showing the economy's expansion remains solid.
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WASHINGTON -- Growth in the manufacturing sector slowed in August while construction spending dropped sharply in July, indicating turmoil in the housing and financial markets could be spilling over to the broader economy.
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NEW YORK: US factory growth stayed strong in September, while construction spending in the prior month hit a record high for a seventh month in a row, showing the economyâs expansion remains solid.
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French consumer spending is stronger than expected in July and August, official figures show.
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Rising homeownership and higher-income households have helped U.S. remodeling spending reach new highs, a study by Harvard University found.
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Utilities, telecommunications companies and government agencies are more popular as targets at attacks on them surged 55 per cent from July to August, a new report says.
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The number of new U.S. jobs soared  at the sharpest rate in seven months in October, the government  reported on Friday, helped by a surge in construction activity  as hurricane-racked areas in the Southeast were rebuilt.
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Construction spending sprang back to life in July, rising to the highest level on record, the government reported Wednesday.
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Federal procurement spending in the Washington area rose last year at its highest rate since the 1980s, according to a study to be released today, creating tens of thousands of jobs and increasing economic growth disproportionately in Northern Virginia.
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US consumer spending rose by the largest amount for six months in July, Commerce Department figures indicate.
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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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U.S. housing starts unexpectedly  rose 0.6 percent in August to their highest level in five  months as low mortgage rates encouraged construction, but  permits fell more than anticipated, a government report showed  on Tuesday.
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Orders for U.S. durable goods fell  unexpectedly in August but beat forecasts once transportation  equipment was stripped out, government data showed on Friday in  evidence the economy is again pumping strongly.
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US manufacturing expanded at a slower pace in August as fewer companies reported an increase in orders and production. Construction spending rose to a record in July, private and government reports showed.
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up 45 percent from August -- according to a survey released by the outplacement firm Challenger, Gray and Christmas. Compared with a year ago, job cuts were up 41 percent.