TUESDAY The Institute for Supply Management releases its manufacturing index for October; the Commerce Department releases construction spending data for September;
MONDAY - Commerce Department reports on construction spending for March; Treasury bill auction; The Institute for Supply Management issues its report on activity in the manufacturing economy during April. TUESDAY - Commerce Department reports on factory orders for March; Federal Open Market Committee meets to discuss interest rates; Automakers release their sales figures for April; Charter Communications Inc. releases Q1 earnings; Safeway Inc. releases Q1 earnings.
With the national economy on the brink of a possible recession, two separate reports Monday pointed to continued weakness in construction spending and the manufacturing sector. The Commerce Department reported that construction spending sank by 1.7 percent in January, its steepest decline in 14 years.
WASHINGTON - Hopes that the recession is easing got a boost from reports that construction spending and pending home sales both fared better than expected in March. The news pushed stock prices higher. The Commerce Department said Monday that construction spending increased 0.3 percent in March, the best showing since a similar rise last September. Economists surveyed by Thomson Reuters had expected spending to drop 1.5 percent for a sixth straight monthly decline.
MONDAY The Commerce Department releases personal income and spending information for September; the Commerce Department releases construction spending data for September. TUESDAY The Federal Reserve meets to discuss interest rates.
WASHINGTON - Hopes that the recession is easing got a boost Monday from reports that construction spending and pending home sales both fared better than expected in March. The news pushed stock prices higher. The Commerce Department said construction spending increased 0.3 percent in March, the best showing since a similar rise last September. Economists surveyed by Thomson Reuters had expected spending to drop 1.5 percent for a sixth straight monthly decline.
MONDAY The Commerce Department releases personal income and spending data for December. TUESDAY The Institute for Supply Management releases its manufacturing index for January; the Commerce Department releases construction spending for December; automakers release vehicle sales for January.
WASHINGTON - Hopes that the recession is easing got a boost Monday from reports that construction spending and pending home sales both fared better than expected in March. The news pushed stock prices higher. The Commerce Department said construction spending increased 0.3 percent in March, the best showing since a similar rise last September. Economists surveyed by Thomson Reuters had expected spending to drop 1.5 percent for a sixth straight monthly decline.
MONDAY The Institute for Supply Management releases its manufacturing index for December; the Commerce Department releases construction spending for November. TUESDAY The Commerce Department releases factory orders for November; the Federal Reserve releases minutes from its December interest-rate meeting; automakers release vehicle sales for December.
The construction industry is a major pillar of the US' economy. According to figures from the US Department of Commerce, construction spending during April was at a seasonally adjusted annual rate of $1.19 trillion. A great deal of insurance is needed to back such an enormous amount of activity, and numerous brokers have arisen over the years to provide it. One is Allied North America, a national privately held broker that focuses exclusively on the construction industry. This article outlines the company's approach to business. They deal with large accounts, primarily general contractors and sizable trade contractors. Construction companies tend to select them for their ability to access practically any kind of market. In addition to market access, their strengths include the ability t...
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