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Old 09-04-2007, 01:33 PM
gixaholic gixaholic is offline
Machiavelli Incarnate
 
Join Date: Jun 2006
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Default Strong Economy, Weak Housing Sector

http://www.economicsbriefing.com/200...-declines.html

A strong economy with a weak housing sector is the picture painted by economic data released today.

According to the Commerce Department, U.S. construction spending fell in July as outlays for housing plunged. Construction declined by 0.4 percent. The decline followed a 0.1 percent gain in June.

Meanwhile, economic activity in the manufacturing sector expanded in August for the seventh consecutive month, while the overall economy grew for the 70th consecutive month...
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