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Tag Archives: commerce department

U.S. companies order more factory goods in May

WASHINGTON — Businesses requested more airplanes, autos, and oil drilling equipment in May The jump in factory orders after a sluggish spring suggests supply disruptions stemming from the Japan crisis are fading. Factory orders rose 0.8 percent in May, the ...

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Factories busier in June after spring slump

NEW YORK — U.S. factory activity picked up in June after a sluggish May, helped by lower gas prices and some easing of supply disruptions. The Institute for Supply Management, a trade group of purchasing executives, said Friday that its ...

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Consumer spending in May weakest in a year

WASHINGTON — For the first time in a year, Americans have stopped spending more. Consumer spending failed to budge from April to May, evidence that high gas prices and unemployment are squeezing household budgets. When adjusted for inflation, spending actually ...

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New-home sales fell in May, median price rose

WASHINGTON — Fewer people bought new homes last month, the latest sign that the struggling housing market won’t rebound this year. New-home sales fell 2.1 percent in May to a seasonally adjusted annual rate of 319,000 homes, the Commerce Department ...

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Builders start more homes but pace still slow

WASHINGTON — Builders broke ground on more new homes in May, but not enough to signal a recovery in the troubled housing market. New-home construction rose 3.5 percent from April to a seasonally adjusted annual rate of 560,000 units per ...

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Trade deficit narrows in April to $43.7 billion

WASHINGTON — American companies sold more computers, heavy machinery and telecommunications equipment in foreign markets in April, pushing exports to a record high. Imports declined, reflecting a big drop in auto imports from Japan caused by supply disruptions from the ...

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April consumer spending shows weak gain

WASHINGTON — Consumers spent more in April but much of the increase was eaten up by higher food and energy prices. After discounting for the jump in prices, spending barely budged and after-tax incomes were flat for a second straight ...

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