Tuesday, January 3, 2017

Construction spending in Nov. 2016, ISM manufacturing in Dec.

Construction spending in Nov. 2016, ISM manufacturing in Dec.: U.S. construction spending rose more than expected in November, reaching its highest level in 10-1/2 years, which could provide a lift to fourth-quarter economic growth.

The Commerce Department said on Tuesday that construction spending increased 0.9 percent to $1.18 trillion, the highest level since April 2006. It was boosted by gains in both private and public sector investment

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