US Manufacturing, Construction Spending Shrink
SEPTEMBER 05, 2012
“The report could put a damper on optimism that the economy fared slightly better early this quarter after growth slowed to a 1.7 percent annual pace in the April-June period.
Data on job growth, housing and consumer spending has been fairly upbeat, but economic activity remains constrained by fears of higher taxes and sharp cuts in government spending in January and the ongoing debt crisis in Europe, which are eroding confidence.” (CNBC)
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FEE Timely Classic
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