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 | July construction spending declines |
| U.S. construction spending during July was estimated at a seasonally adjusted annual rate of $805.2 billion, 1.0% below the revised June estimate, according to the Census Bureau. The July figure is 10.7% below the July 2009 estimate; it was the lowest monthly rate in a decade. Residential construction was at a SAAR of $240.3 billion in July, down 2.6% from the June estimate. - 9/1/2010
| | Canadian economy grows 2.0% in second quarter |
| Canada's real gross domestic product grew at an annualized rate of 2.0% in the second quarter, after increasing by 5.8% in the first quarter, according to Statistics Canada. The country's real GDP grew by 0.2% in June. Consumer expenditures on goods and services, as well as business investment on residential structures, grew at a slower rate than in the first quarter. Export and import volumes both rose, with growth in imports outpacing growth in exports for a second consecutive quarter. - 8/31/2010
| | August consumer confidence rises |
| The Conference Board's Index of Consumer Confidence rose to a reading of 53.5 in August, on the heels of a five-month low of 51 in July. Analysts said that gaining consumer confidence could ease concerns that consumer spending, which accounts for about 70% of the economy, will falter. Even with the August increase, confidence remains at a very low level. - 8/31/2010
| | U.S. economic growth slows |
| The U.S. economy grew at an annual rate of 1.6% during the second quarter, representing a sharp downward revision from the 2.4% rate of growth estimated in July, according to the Commerce Department. The revision mostly resulted from an upward change in imports and downward revisions to private inventory investment and exports. Analysts noted that the nation's economic recovery remains tenuous. - 8/27/2010
| | Canadian CPI rises |
| Canada's Consumer Price Index rose 1.8% in the 12 months to July, following a 1.0% increase in June, according to Statistics Canada. In July, consumer prices were affected by changes in consumption taxes in Nova Scotia, Ontario, and British Columbia. Energy prices rose 7.9% between July 2009 and July 2010, following a 1.3% increase during the 12-month period to June. - 8/20/2010
| | U.S. leading indicators post July gain |
| The U.S. Index of Leading Economic Indicators in July posted a second monthly gain in the last four months, extending a seesaw pattern that suggests slower growth through the end of the year. The 0.1% increase in the Conference Board's gauge of economic prospects over the next three to six months followed a 0.3% decline in June. - 8/19/2010
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