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10:02am 12/01/05 U.S. NOV. ISM NEW ORDERS 59.8% VS 61.7% IN OCT.
10:02am 12/01/05 U.S. NOV. ISM PRICES 74.0% VS 84.0% IN OCT.
10:02am 12/01/05 U.S. NOV. ISM JOBS 56.6% VS 55.0% IN OCT.
10:00am 12/01/05 U.S. NOV. ISM MANUFACTURING INDEX ABOVE 57.8% CONSENSUS
10:00am 12/01/05 U.S. NOV. ISM MANUFACTURING INDEX 58.1% VS 59.1% IN OCT.
10:00am 12/01/05 U.S. OCT. PUBLIC-SECTOR CONSTRUCTION OUTLAYS UP 1.9%
10:00am 12/01/05 U.S. OCT. RESIDENTIAL CONSTRUCTION OUTLAYS UP 0.6%
10:00am 12/01/05 U.S. OCT. PRIVATE-SECTOR CONSTRUCTION OUTLAYS UP 0.3%
10:00am 12/01/05 U.S. OCT. CONSTRUCTION SPENDING UP 0.7% VS. 0.5% EXPECTED
ECONOMIC REPORT: Oct. construction outlays rise 0.7%
By Rex Nutting, MarketWatch
Last Update: 10:00 AM ET Dec. 1, 2005
WASHINGTON (MarketWatch) - Spending on U.S. construction projects increased 0.7% in October as public-sector outlays jumped, the Commerce Department said Thursday.
Total outlays rose 0.7% to a seasonally adjusted annual rate of $1.13 trillion. Economists surveyed by MarketWatch expected a 0.5% increase.
September's increase was revised down to 0.2% from 0.5% previously.
Spending is up 7.9% in the past year. The figures are not adjusted for inflation.
Public-sector spending climbed 1.9% to $254 billion, the biggest increase since February. Private-sector spending rose 0.3% to $877.8 billion.
Within the private-sector, spending on residential projects increased 0.6% to $630 billion. Spending on nonresidential projects fell 0.3% to $247.7 billion.
Public-sector spending was led by a 2.8% increase in schools and a 4.5% increase in transportation. Highway spending fell 0.2%.
Private nonresidential spending was led by a 1.8% increase in spending on commercial projects, but was held back by declines in offices, factories and health care.
In other reports released Thursday, the Commerce Department said incomes and spending increased modestly in October, while inflationary pressures eased. Incomes rose 0.4%, spending rose 0.2% and inflation rose 0.1%
The Labor Department said initial claims for jobless benefits fell by 17,000 to 320,000.
10:02am 12/01/05 U.S. NOV. ISM PRICES 74.0% VS 84.0% IN OCT.
10:02am 12/01/05 U.S. NOV. ISM JOBS 56.6% VS 55.0% IN OCT.
10:00am 12/01/05 U.S. NOV. ISM MANUFACTURING INDEX ABOVE 57.8% CONSENSUS
10:00am 12/01/05 U.S. NOV. ISM MANUFACTURING INDEX 58.1% VS 59.1% IN OCT.
10:00am 12/01/05 U.S. OCT. PUBLIC-SECTOR CONSTRUCTION OUTLAYS UP 1.9%
10:00am 12/01/05 U.S. OCT. RESIDENTIAL CONSTRUCTION OUTLAYS UP 0.6%
10:00am 12/01/05 U.S. OCT. PRIVATE-SECTOR CONSTRUCTION OUTLAYS UP 0.3%
10:00am 12/01/05 U.S. OCT. CONSTRUCTION SPENDING UP 0.7% VS. 0.5% EXPECTED
ECONOMIC REPORT: Oct. construction outlays rise 0.7%
By Rex Nutting, MarketWatch
Last Update: 10:00 AM ET Dec. 1, 2005
WASHINGTON (MarketWatch) - Spending on U.S. construction projects increased 0.7% in October as public-sector outlays jumped, the Commerce Department said Thursday.
Total outlays rose 0.7% to a seasonally adjusted annual rate of $1.13 trillion. Economists surveyed by MarketWatch expected a 0.5% increase.
September's increase was revised down to 0.2% from 0.5% previously.
Spending is up 7.9% in the past year. The figures are not adjusted for inflation.
Public-sector spending climbed 1.9% to $254 billion, the biggest increase since February. Private-sector spending rose 0.3% to $877.8 billion.
Within the private-sector, spending on residential projects increased 0.6% to $630 billion. Spending on nonresidential projects fell 0.3% to $247.7 billion.
Public-sector spending was led by a 2.8% increase in schools and a 4.5% increase in transportation. Highway spending fell 0.2%.
Private nonresidential spending was led by a 1.8% increase in spending on commercial projects, but was held back by declines in offices, factories and health care.
In other reports released Thursday, the Commerce Department said incomes and spending increased modestly in October, while inflationary pressures eased. Incomes rose 0.4%, spending rose 0.2% and inflation rose 0.1%
The Labor Department said initial claims for jobless benefits fell by 17,000 to 320,000.
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