Housing sector, factory orders sag in May
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Pending sales of existing U.S. homes hit the lowest level in more than five years in May and factory orders dipped modestly, according to data on Tuesday that suggested the economy was struggling.
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NEW YORK -- The nation's manufacturing sector extended its growth streak to a fourth consecutive month in May, overcoming worries about inflation, soaring gas prices and the economy's slowing growth, a research group said Friday.
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The pace of growth in the U.S.  non-manufacturing sector eased further than expected in June as  new orders and prices paid declined from May, according to a  report on Thursday.
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Orders for costly manufactured goods in July posted the biggest gain in four months. New-homes sales, meanwhile, slid, according to a pair of reports.
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U.S. manufacturers expect the economy to slow in 2007, as the weakening housing market continues to take a toll on business, according to data released on Thursday.
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Orders to U.S. factories for big-ticket manufactured goods plunged in May by the largest amount in four months as demand for aircraft, heavy machinery and metals all declined.
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Orders to U.S. factories for manufactured goods were weak for a second consecutive month as the nation's manufacturing sector sent signals it was shifting into a lower gear.
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May sales of new houses in the US disappoint after reaching record highs in April, as the housing slump continues.
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Factory activity in the U.S. Mid-Atlantic region contracted sharply in January and home building in December fell to the slowest pace since the early 1990s, according to reports on Thursday that reinforced fears of recession.
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U.S. new home sales fell in May while consumer confidence hit a 10-month low in June on worries about jobs and the business climate, adding to signs of sluggish economic growth.
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WASHINGTON -- Pending sales of existing homes dropped for the third straight month in May, a real estate trade group said Tuesday, demonstrating the persistence of the housing slump.
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WASHINGTON -- Construction of new homes fell in May as the nation's homebuilders continued to struggle with a steep housing slump that has been exacerbated by rising problems with mortgage defaults.
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Sales of new U.S. homes were unexpectedly weak last month, although they climbed off an 11-year low, and orders for long-lasting goods fell, according to data Thursday that underscored the economy's weakness.
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Business activity in the U.S. services  sector in July and new orders at U.S. factories in June were  surprisingly weak, two reports showed on Thursday, signaling  that economic growth was decelerating.
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Most parts of the country saw modest economic growth in the past month, although there were pockets of sluggishness as businesses continued to cope with fallout from the troubled housing and automotive industries.
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U.S. manufacturing growth eased in September to its slowest in more than a year, but home sales and construction figures suggested a less abrupt decline in the housing sector than many experts had foreseen.
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A gauge of US manufacturing fell this month to the lowest in more than a year, incomes lagged spending in September and home construction declined in the final economic reports before tomorrow&#39;s presidential election.