U.S. manufacturing activity climbs more than expected in December

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Source: RTT News
Manufacturing activity of the U.S. economy accelerated more than projected in December following a month of contraction, the Institute for Supply Management reported on Wednesday. The report showed the ISM purchasing managers index rose from 49.5 in November to 50.7 in the last month of 2012, signing a recovery with a figure above 50. Economists had forecast the index jump to a level of 50.5.
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Thu, 03 Jan 2013 14:47:12 GMT

British construction PMI weakenes to its 6-month low

Construction output of the U.K. economy tumbled at the fastest pace in a six-month period in the month of December as residential building decrease to its lowest level since the end of 2010, the Markit survey showed on Thursday. The Markit/CIPS Construction Purchasing Managers Index dropped to 48.7 in December from 49.3 in the month before, compared to a forecast

Thu, 03 Jan 2013 14:57:54 GMT

U.S. construction spending unexpectedly falls in November

Construction spending in the world's largest economy surprisingly declined in November due to modest drops of private and public construction spending, the Commerce Department reported on Wednesday. The report showed an 0.3% decrease of construction spending, from October's $866.2 billion to $868.0 billion in November, while economists forecast rise of 0.6%.

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