Construction spending in the U.S. rose in February, paced by the highest level of home building in more than four years.
Manufacturing in the New York region contracted more than forecast in September as orders shrank, a sign the world’s largest economy will get less support from the industry.
Consumer borrowing in the U.S. rose more than forecast in December, driven by demand for auto and student loans.
Americans increased spending more than forecast in February as incomes climbed, easing concern that rising food and fuel costs might derail the consumer demand that makes up 70 percent of the U.S. economy.
The following are the day's top business stories:
Retail sales in the U.S. probably increased in July by the most in four months as automobile purchases rebounded, economists said before a report this week.
Builders in the U.S. unexpectedly began work on more homes in September, a sign the real estate market was stabilizing at depressed levels heading into the recent upheaval in the foreclosure crisis.
"We did not have a particularly good second quarter, we're not producing big increases in payrolls, so that kind of supports a plateau."
- Ken Mayland on Sep 26, 2013