July construction spending falls, reflecting weakness in commercial and government projects

October 1st, 2009 Construction spending rises unexpectedly in AugustWASHINGTON — Construction spending rose unexpectedly in August on the biggest jump in housing activity in nearly 16 years, another sign the housing sector is mounting a recovery. The Commerce Department said Thursday that construction spending rose 0.8 percent in August, much better than the 0.2 percent drop that economists had expected.

September 23rd, 2009 Commercial Metals shares fall after downgradeNEW YORK — Commercial Metals Co. fell Wednesday after an analyst downgraded the shares to "Neutral" from "Buy" because weak non-residential construction is expected to limit volumes and prices.

September 21st, 2009 Shares of URS fall on analyst downgradeHARTFORD, Conn. — Shares of URS Corp.

September 3rd, 2009 Building of new West Bank housing dropsJERUSALEM — Israeli government statistics show that construction of new homes in the Israel's West Bank settlements fell by one-third in the first half of 2009 from a year earlier. The numbers bolster settlers' claims that Prime Minister Benjamin Netanyahu has partially frozen settlement construction under U.S.

September 1st, 2009 Stocks up on data showing growth in manufacturingNEW YORK — News that the manufacturing industry has grown for the first time in 18 months is giving the stock market a modest advance. The Institute for Supply Management said Tuesday its index of manufacturing activity rose to 52.9 in August, up from 48.9 in July and well above the reading of 50.5 analysts had been expecting.

September 1st, 2009 July construction spending slips 0.2 percentWASHINGTON — Construction spending edged down in July as weakness in nonresidential building and government projects offset the best showing for home building in 10 months. The Commerce Department said Tuesday that construction spending dipped 0.2 percent in July, worse than the flat reading that economists had expected.

August 19th, 2009 Summary Box: Wholesale prices signal low inflationWHAT HAPPENED?: Wholesale inflation dropped 0.9 percent in July, reflecting big declines in energy and food costs. Construction of single-family homes rose for a fifth straight month, though overall housing construction fell 1 percent because of weakness in apartment building.

August 3rd, 2009 MUMBAI - July sales of auto major Tata Motors grew 18 percent to 48,054 vehicles as against 40,729 units sold in the year-ago period, the company said Monday. In a regulatory statement, it said domestic sales of both commercial and passenger vehicles grew 23 percent to 45,599 units as compared to the 37,033 units sold a year ago.

August 3rd, 2009 Construction spending rises unexpectedlyWASHINGTON — Construction spending rose for the second time in three months in June as residential building increased and government-funded infrastructure projects jumped. The report provides fresh evidence the housing sector may be recovering, while the rise in government spending was partly due to the Obama administration's $787 billion stimulus package, economists said.

July 1st, 2009 Construction spending falls more than expectedWASHINGTON — Construction spending fell more than expected in May, a sign the problems facing the nation's builders are far from over. The Commerce Department said Wednesday that construction spending dropped 0.9 percent in May, nearly double the 0.5 percent decline that economists expected.

June 29th, 2009 MUMBAI - Leading engineering and construction company Larsen and Toubro Ltd (L&T) announced Monday that it has bagged six orders worth Rs.12.30 billion from electrical projects in the domestic market. L&T has been awarded four orders for transmission line and railway construction valued at Rs.10.31 billion, and two orders worth Rs.1.99 billion for the construction of sub-stations, the company said in a regulatory statement.

June 1st, 2009 Construction spending posts surprising gainWASHINGTON — Construction spending rose 0.8 percent in April, defying economists' forecasts for a decline. The unexpected gain — the most since August — marked the second straight month that builders boosted spending on construction projects around the country, the Commerce Department reported Monday.

May 4th, 2009 Construction spending rises unexpectedly in MarchWASHINGTON — Construction spending rose unexpectedly in March after five straight declines, as strength in nonresidential projects and government building offset a further slide in housing. The Commerce Department reported Monday that construction spending increased 0.3 percent in March, the best showing since a similar rise last September.

May 4th, 2009 Construction spending, pending home sales riseWASHINGTON — Hopes that the recession is easing got a boost Monday from reports that construction spending and pending home sales both fared better than expected in March. The news pushed stock prices higher.

March 25th, 2009 NEW DELHI - GMR Infrastructure, the Bangalore-based infrastructure developer focussed on airports, power and highways, Wednesday announced the setting up of a separate division for the construction business. 'This strategy would progressively lead to the backward integration of the company's infrastructure projects, the construction component whereof has so far been outsourced to reputed construction companies,' the company said in a regulatory statement.