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Tag Archives: commerce

Construction spending up but pace is still weak

WASHINGTON — U.S. builders increased spending on homes, office buildings and other projects in August after a big decline in July. The gain still left the construction industry far below levels considered healthy. The Commerce Department says construction spending rose ...

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Business inventories and sales rose July

WASHINGTON — Businesses added to their stockpiles in July for a 19th straight month and their sales increased by the most since March. The Commerce Department says business inventories rose 0.4 percent in July following a similar gain in June. ...

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Economy grew at slower 1 pct. rate this spring

WASHINGTON — The U.S. economy grew at a meager 1 percent annual pace this spring, a slower rate than previously estimated. The downward revision will likely increase fears that the economy is at risk of another recession. Fewer exports and ...

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Wholesale inventories rose in June for 18th month

WASHINGTON — U.S. wholesale companies added more autos, machinery and computers to their stockpiles in June, pushing inventories up for the 18th consecutive month. Sales at the wholesale level rose 0.6 percent in June, the Commerce department said Wednesday. That ...

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Factory orders dropped 0.8 percent in June

WASHINGTON — U.S. businesses cut back on orders for airplanes, autos and heavy machinery in June, lowering demand for factory goods for the second time in three months. The Commerce Department says orders to U.S. factories fell 0.8 percent in ...

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Durable goods orders fall 2.1 percent in June

WASHINGTON — Businesses cut back on orders for aircraft, autos, heavy machinery and computers in June, sending demand for long-lasting manufactured goods lower for the second month in the past three. Orders for durable goods fell 2.1 percent last month, ...

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Home building jumps in June after dismal spring

WASHINGTON — U.S. builders broke ground on more single-family homes and apartments in June, helping the battered construction industry gain a little life after a dismal spring. The Commerce Department said Tuesday that builders began work on a seasonally adjusted ...

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