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NEW YORK: New York City construction spending is expected to climb 26% this year to a record, driven by a surge in development of offices and residential properties, according to a local trade organisation.
WASHINGTON: U.S. manufacturing activity hit a nearly 3-1/2-year high last month and construction spending rebounded strongly in July, signs the economy entered the third quarter on strong footing.
WASHINGTON: U.S. factory activity braked to a more than two-year low in August, but sturdy gains in automobile sales and construction spending suggested the economy remained on solid footing.
NEW YORK: The U.S. economic recovery seems on track for slow but steady gains after new reports Tuesday showed growth in manufacturing activity, construction spending and contracts to buy homes.
NEW YORK: Wall Street slipped in late morning trading on Tuesday amid uncertainty surrounding the US presidential election and tepid construction spending data.
WASHINGTON (Reuters) - World Bank officials promised public postings of construction spending and other anti-corruption measures while overseeing a multibillion-dollar rebuilding fund for quake-ravaged Haiti.
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.
SYDNEY: Australian construction spending slid to its lowest in almost three years last quarter as a deepening downturn in home building spread to other sectors and posed a downside risk to growth across the economy.
WASHINGTON: The economy slowed sharply in the first three months of the year. High gas prices cut into consumer spending, bad weather delayed construction projects and the federal government slashed defense spending by the most in six years.
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.