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Politics : Idea Of The Day

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To: Lee who wrote (28496)	9/1/1999 10:20:00 AM
From: Lee	Read Replies (1) of 50167

Economic Data for Wednesday, September 1, 1999 Construction Spending for July = -0.5% census.gov Construction put in place during July 1999 was estimated at a seasonally adjusted annual rate of $695.7 billion, nearly the same (+/-5 percent) as the revised June estimate of $699.1 billion, according to the U.S. Commerce Department's Census Bureau. The July figure represents a 3(+/-5) percent increase over July 1998. LEI for July = +0.3% tcb-indicators.org The leading index increased 0.3 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.6 percent in July. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to economic activity rising in the 3rd quarter from the 1.8 percent (annualized) rise in GDP in the 2nd quarter. The leading indicators point to continuation of the expansion through early 2000. Cyclical imbalances and related economic instability problems show inconsistent patterns of growth. biz.yahoo.com

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