Factory activity posts suprise contraction
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U.S. manufacturing contracted in November for the first time in 3-1/2 years, while construction spending fell sharply in October, according to reports on Friday pointing to a slowdown in the U.S. economy.
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NEW YORK, December 2  - The US witnessed increased factory activity in November, with new orders and employment picking up in the manufacturing sector.
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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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There is growth, but it's not homemade.
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America's factories saw orders for costly manufactured goods in July post the biggest gain in four months, an encouraging sign that the economy is emerging from an early summer funk.
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The U.S. manufacturing economy unexpectedly contracted in December, ending a streak of 10 consecutive months of growth, a private research group said Wednesday. The decline suggests that the overall economy may be weakening faster than some economists predicted.
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U.S. factories picked up their pace in  December, capping off a year of expansion in the manufacturing  industry despite some recent signs of a downturn in employment,  a report showed on Monday.
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Growth in factory activity in the U.S.  Mid-Atlantic region eased in June, although it was still above  expectations, with a dip in the six-month business conditions  outlook, according to a survey released on Thursday.
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Investor's Business Daily - Jobs and factories continued to expand at a modest pace as the U.S. economy showed resilience despite crumbling housing activity.
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Manufacturing activity in New York grew at a better-than-expected pace in September, recovering much of the momentum it lost in August, according to the Federal Reserve Bank of New York&#39;s latest survey.
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UK factory orders showed a surprise improvement in August, according to a survey from the CBI business group.
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U.S. factory activity in the mid-Atlantic region grew slower than expected in July after a surprise surge in June, and initial claims last week for U.S. jobless benefits fell to a two-month low, a survey and a report showed on Thursday.
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Activity at the nationâs factories, plants and utilities expanded modestly in June, while the prices of raw materials continued to rise.
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The stock is revived, but the business remains iffy.
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U.S. manufacturing activity unexpectedly contracted in January as new orders and production fell, according to a survey published on Thursday.
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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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WASHINGTON (CBS.MW) -- Activity at factories in the Philadelphia region grew at a slower pace in September, the Federal Reserve Bank of Philadelphia said Thursday.