Tag: spending

U.S. construction spending inches up in March

Spending on construction projects rose 0.2% in March to a seasonally adjusted annual rate of $1.51 trillion, the Commerce Department said Monday. Economists polled by The Wall Street Journal has expected a 1.8% gain. This is the second straight month where construction spending was below estimates. Spending in February was revised to a decline of […]

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Consumer credit growth slows in December

The numbers: U.S. consumer borrowing grew at a slower pace in December, ending a year when the coronavirus pandemic kept spending in check. Total consumer credit increased $9.7 billion to $4.18 trillion in December. That’s a 2.8% annual growth rate and follows a revised 4% growth rate in the prior month, according to Federal Reserve […]

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India’s spending on growth to bring the economy on track leaves little for its vulnerable

India has vowed to spend almost half-a-trillion dollars to bring the pandemic-ravaged economy back onto a growth path, but that risks leaving vulnerable sections that still need support without immediate help. While Prime Minister Narendra Modi’s administration sees a 26% jump in capital expenditure — money for creating or maintaining assets, including infrastructure — for […]

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