Construction spending dipped in October, the Commerce Department reported Thursday, with slight increase in public construction offset by a decline in private construction. Separately, the Institute for Supply Management, Phoenix, reported its Manufacturing Report on Business fell for the first time in two and a half years.
Tag: Commerce Department
Construction Spending Posts Biggest Drop in 18 Months
Construction spending fell by 0.7 percent in August, the Commerce Department reported Monday, the second consecutive decline and the biggest drop since February 2021.
60 Percent of Americans Saving More Compared to Last Year
A new survey from CNBC, Englewood Cliffs, N.J., an Acorns, San Mateo, found Americans are saving more and spending less compared to before the pandemic with 60% of respondents call themselves “savers,” up from 54% a year ago.