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New York construction spending to top record

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.

US manufacturing, construction data point to sturdy growth

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.

Factory slowdown puts wrinkle in US growth outlook

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.

Economic reports signal modest growth ahead for US

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.

Wall St lower amid election jitters and tepid data

NEW YORK: Wall Street slipped in late morning trading on Tuesday amid uncertainty surrounding the US presidential election and tepid construction spending data.

Anti-corruption steps key at Haiti fund, says World Bank

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.

Robust growth of US on track

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.

US economy slowed by high gas prices, bad weather

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.

Priority projects to drive construction

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.