Value of non-residential permits drops 17%
Biggest quarterly increase in more than a year
Rising energy costs are a major concern
Manufacturing sector regains strength
But increase in energy costs boosts prices for manufactured goods
The U.S. economic growth sped up in the third quarter despite the effects of hurricanes Rita and Katrina.The U.S. Commerce Department said today the economy grew at an annual rate of 3.8% in the third quarter.Strong spending by consumers, businesses and government was credited for the U.S. economy;s better-than-forecast performance.Economists had been projecting annualized growth […]
Consumer confidence drops for second straight month
Core rate holds steady at 1.7%
Pace of building to slow as mortgage rates creep higher
Gasoline prices pressure consumer spending