Mixed Economic Signals Growing More Positive
Washington, DC, Oct. 1, 2009--Consumer spending, which accounts for about 70 percent of economic activity, is showing signs of life as the economy transitions from recession to recovery.
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Mohawk Stock Downgraded to Neutral
New York, NY, Oct. 1, 2009--Mohawk Industries Inc. stock was downgraded at SunTrust from Buy to Neutral.
Construction Spending Surges in August
Washington, DC, Oct. 1, 2009--Construction spending in the U.S. unexpectedly rose at its fastest pace in nearly a year in August.
IMF Sees Faster World Economic Recovery
Washington, DC, Oct. 1, 2009--The global economy is recovering faster than expected, according to the International Monetary Fund.
August Pending Home Sales Higher Than Expected
Washington, DC, Oct. 1, 2009--Pending home sales in the U.S. increased more than forecast in August, reinforcing signs of a rebound in housing, industry figures showed today.
Online Job Advertising Fell in September
New York, NY, Oct. 1, 2009--Online advertised vacancies declined by 101,800 to 3,363,000 in September, according to The Conference Board Help-Wanted OnLine Data Series.
Personal Spending, Income, Up in August
Washington, DC, Oct. 1, 2009--Personal spending increased 1.3% in August, the largest monthly increase since October 2001, while income rose by 0.2%.
Private Sector Job Cuts Lowest in 14 Months
Washington, DC, Sept. 30, 2009--Private-sector firms in the U.S. cut 254,000 jobs in September, according to the ADP employment report.
Fannie Says Mortgage Defaults Hit Record in July
Washington, DC, Sept. 30, 2009--Fannie Mae, the government's mortgage-finance company, said that defaults rose to a record in July.
Second Quarter GDP Revision Better Than Expected
Washington, DC, Sept. 30, 2009--U.S. real gross domestic product for the second quarter was revised to a decline of 0.7% annualized from the earlier estimate of a 1.0% drop, the Commerce Department said Wednesday.