Construction Spending Down
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U.S. construction spending fell  unexpectedly by 0.4 percent in November, as a cooling in  residential construction overpowered a small rise in public  spending, a government report showed on Monday.
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U.S. construction spending fell a  sharper-than-expected 1 percent last month as home building  posted a seventh straight drop, according to a government  report on Friday that underscored the weakness in the U.S.  housing market.
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Economic growth in Japan slows down as the country experiences a drop in domestic and corporate spending.
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Manufacturing expansion slowed in  August as a decline in new orders led factory managers to opt  for caution, while construction spending unexpectedly fell in  July, according to data released on Tuesday.
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A decline in some prices tempered a rise in costs for medical care, gasoline and fuel oil. Housing construction fell by 6 percent.
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Housing construction fell in November, with single-family activity dropping to the lowest level in more than 16 years. Analysts said the recession in housing showed no signs of a turnaround.
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China's investment in construction and factory equipment, a key growth indicator, slowed slightly in November on lower public spending, but local-level investments surged, the government reported Thursday.
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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.
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Housing starts fell 3.7 percent in November, with construction of single-family homes sliding to the lowest level in more than 16 years as builders scrambled to cope with a deep drop in sales.
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WASHINGTON  - U.S. construction spending fell unexpectedly by 0.4 percent in November, as a cooling in residential construction overpowered a small rise in public spending, a government report showed on Monday.
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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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Stocks fell on Monday after  disappointing U.S. employment data and a slowdown in  construction spending sparked worry about economic growth,  while a drop in crude oil prices hit energy shares.
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Government contractors, which have been riding a wave of unprecedented growth since the Sept. 11 attacks, are starting to feel the effects of an industry-wide slowdown as the government tightens its technology spending, according to company officials and industry observers.
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The number of housing units on which builders began work plunged 13.1 percent in November from the previous month, the biggest monthly drop in nearly 11 years, according to the Commerce Department.
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New-home construction fell again in December as builders scrambled to cut back in the face of rising inventories and fewer orders.
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Housing starts fell to their lowest level in 12 years last month, while permits for new construction also declined, pointing to a further weakening of an already battered housing market.
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Home construction starts fell 2.6  percent in August to their lowest level in more than 12 years  while building permit activity, a sign of future construction  plans, also dropped to a low not seen since mid-1995, a  government report on Wednesday showed.