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Other Industry News > General Economic News
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July construction spending edges upward
Construction spending during July was estimated at a seasonally adjusted annual rate of $981.3 billion, up 1.8% from the June estimate and 8.2% higher than the July 2013 figure, according to the Census Bureau. Residential construction was at a SAAR of $358.1 billion in July, 0.7% above the revised June estimate. For more, click here...
Consumer sentiment hits nine-month low
The Thomson Reuters/University of Michigan preliminary index of consumer confidence was at a reading of 79.2 in August, its lowest level since last November. Analysts attributed the decline to consumers' concerns that household income would not keep pace with rising prices. For more, click here...
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