After reporting an unexpected drop in U.S. construction spending in the previous month, the Commerce Department released a report on Tuesday showing that construction spending rebounded by more than expected in the month of July.
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After reporting an unexpected drop in U.S. construction spending in the previous month, the Commerce Department released a report on Tuesday showing that construction spending rebounded by more than expected in the month of July.
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Activity in the U.S. manufacturing sector unexpectedly grew at an accelerated rate in the month of August, according to a report released by the Institute for Supply Management on Tuesday, with the index of activity in the sector climbing to a three-year high.
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With orders for transportation equipment showing a substantial increase, the Commerce Department released a report on Wednesday showing a sharp jump in new orders for U.S. manufactured goods in the month of July. The report said factory orders soared by 10.5 percent in July after climbing by an upwardly revised 1.5 percent in June.
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U.S. service sector activity expanded for the fifty-fifth consecutive month in August, according to a report released by the Institute for Supply Management on Thursday, with the report also showing an unexpected acceleration in the pace of growth in the sector.
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Employment in the U.S. increased by much less than expected in the month of August, according to a report released by the Labor Department on Friday.
The Labor Department said non-farm payroll employment increased by 142,000 jobs in August compared to economist estimate for the addition of about 225,000 jobs.
Despite the weaker than expected job growth, the unemployment rate edged down to 6.1 percent in August from 6.2 percent in July due to a decrease in the size of the labor force.
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Reflecting increases in both revolving and non-revolving credit, the Federal Reserve released a report on Monday showing that U.S. consumer credit increased by much more than expected in the month of July. The Fed said consumer credit jumped by $26.0 billion in July after climbing by an upwardly revised $18.8 billion in June.
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Wholesale inventories in the U.S. saw another modest increase in the month of July, the Commerce Department revealed in a report on Wednesday, with the uptick in inventories once again falling short of economist estimates.
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Business activity in the New York manufacturing sector has expanded at a robust pace in the month of September, according to a report released by the Federal Reserve Bank of New York on Monday, with the index of activity in the sector jumping to its highest level in almost five years.
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After reporting a modest uptick in U.S. producer prices in the previous month, the Labor Department released a report on Tuesday showing that producer prices came in unchanged in the month of August.
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Firms responding to a survey by the Federal Reserve Bank of Philadelphia indicated continued growth in regional manufacturing activity in September, although the bank said the index of activity in the sector fell from its relatively high reading in August.
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