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B>NEW YORK:/BUS manufacturers cranked up output in October to the fastest pace in nearly four years, according to a report on Monday that showed hard-hit factories enjoying their best rebound since the 2001 recession.
B>NEW YORK: /B>US stocks edged up in light trading on Friday, as investors anticipated a solid holiday shopping weekend and more data next week likely to show the US economic recovery is accelerating.
Manufacturing in the United States surged to a 20-year high at the start of the year as factories scrambled to meet demand, while consumer spending increased modestly during the holidays, according to the latest reports.
ALTHOUGH the deferment of the RM14.5bil electrified double-tracking railway project in mid-December may have dampened sentiment in the construction sector, the investment community sees priority and essential projects, albeit on a smaller scale, helping to drive the sector.
US manufacturing expanded briskly for a 13th straight month in June while construction spending cooled a bit in May, according to two reports on Thursday showing the economy's robust expansion was on track.
Stocks rose sharply on Friday in heavy trading as software company PeopleSoft Inc and chip-related stocks boosted the Nasdaq and Standard Poor's 500 indexes to their highest closes in about three months.
South Korea aims to funnel part of an estimated 800 trillion won (US$775.1bil) in the domestic financial system into construction projects to boost flagging economic growth, Finance Minister Lee Hunjai said yesterday.
The construction sector may have lost much of its sparkle among investors but most analysts believe that things may just perk up next year following the implementation of the Ninth Malaysian Plan (9MP).
SHANGHAI, China: China's urban spending on construction, factory equipment and other fixed assets rose at its fastest pace so far this year in September, the government reported Tuesday, though the country's top economic planner forecast slower growth in years to come.
NEW YORK: Manufacturing expanded in November in industries ranging from apparel to tobacco, a widely watched survey showed on Thursday, and several other reports painted a picture of a U.S. economy gaining strength.