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Other Industry News > General Economic News
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August construction spending dips
U.S. construction spending during August was estimated at a seasonally adjusted annual rate of $961.0 billion, 0.8% below the revised July figure, according to the Census Bureau. The August figure is 5.0% above the August 2013 estimate. Residential construction was at a SAAR of $351.7 billion in August, 0.1% below the revised July estimate. For more, click here...
Canada's GDP about unchanged in July
Real gross domestic product in Canada was essentially unchanged in July, following six consecutive monthly gains, according to Statistics Canada. Increases of 0.5% and 0.3% were recorded in May and June, respectively. In July, manufacturing and the public sector were the major contributors to growth. Increases also were recorded in construction, professional services, and retail trade. For more, click here...
September consumer sentiment hits 14-month high
The Thomson Reuters/University of Michigan index of consumer confidence was at a reading of 84.6 in August. Employment growth and cheaper gas were cited for Americans' improving outlooks for the national economy. For more, click here...
U.S. Q2 economic growth revised upward to 4.6%
The output of goods and services in the U.S. grew at an annual rate of 4.6% in the second quarter, according to the third estimate released by the Bureau of Economic Analysis. In the first quarter, the nation's gross domestic product decreased 2.1%. For more, click here... or click here...
Canada's August CPI on par with July
Canada's Consumer Price Index rose 2.1% in the 12 months to August, matching the increase in July, according to Statistics Canada. Prices increased in all major components in the 12 months to August. Higher shelter costs led the gain in the CPI. For more, click here...
U.S. consumer prices post August decline
Consumer prices in the U.S. fell 0.2% in August, the first decline since April 2013, according to the Bureau of Labor Statistics. Index components for food and shelter rose, but those were more than offset by declines in energy indexes, especially gasoline. For more, click here...
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