NASHVILLE, Ind. — May Class 8 truck total net orders were down 9.8 percent decline from April, coming in at 12,903 units, according to preliminary data released by FTR Associates. Although May orders slowed from the previous month, year over year comparisons show a 74.7 percent improvement over May of 2009, FTR noted.
WASHINGTON — A rush of homebuyers aiming to meet a deadline to qualify for a federal tax credit pushed the number of signed sales contracts to the highest level since October.
WASHINGTON — Striking a partisan tone, President Barack Obama said Wednesday he is working to rebuild the economy without much help from Republicans, saying they have mostly “sat on the sidelines and shouted from the bleachers.”
WASHINGTON — Construction activity surged in April by the largest amount in nearly a decade. The unexpected gains could mean the hardest-hit sector of the economy is starting to recover.
IHS Global Insight reports that volatility and risk aversion were still the dominant themes in the financial markets last week with the economy continuing to perform “surprisingly well in the face of recent pressures from lower equity prices and a barrage of negative reports on the situation in Europe, including a downgrade of Spanish debt at the end of the week.”