Neubarth
At the Ballpark July 30th
There are thousands of examples, such as the GDP data. The reality is that we are still Falling and Falling and Falling.
WASHINGTON (AP) -- Construction spending rose in August as a big jump in government building projects offset further weakness in the private sector.
The Commerce Department says construction spending edged up 0.4 percent in August following a 1.4 percent drop in July. While spending on government projects rose 2.5 percent, spending on private construction projects dropped to the lowest level in 12 years.
The weakness in construction activity has been a major drag on the overall economy. Given continuing problems in housing and commercial real estate, analysts are not looking for a susained rebound in the building industry for some time to come.
WASHINGTON (AP) -- Construction spending rose in August as a big jump in government building projects offset further weakness in the private sector.
The Commerce Department says construction spending edged up 0.4 percent in August following a 1.4 percent drop in July. While spending on government projects rose 2.5 percent, spending on private construction projects dropped to the lowest level in 12 years.
The weakness in construction activity has been a major drag on the overall economy. Given continuing problems in housing and commercial real estate, analysts are not looking for a susained rebound in the building industry for some time to come.