Tags: Commerce Department

Strong factory orders, auto sales brighten U.S. economic picture

New orders for U.S. factory goods posted a record gain in July and auto sales last month accelerated to their highest level in 8-1/2 years, offering further bullish signals for the economy.


U.S. construction spending hits highest level in 5-1/2 years

U.S. construction spending rebounded strongly to hit its highest level in more than 5-1/2 years in July as private construction increased and state and local government outlays surged, in a further sign of vigor in the economy.

U.S. consumer spending rises, inflation pressures muted

U.S. consumer spending rose for a fifth straight month in June, but a moderation in price increases suggested the Federal Reserve will not raise interest rates anytime soon.


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