WASHINGTON — The economic recovery gained strength in April on the biggest rise in construction spending in nearly a decade and the 10th straight month of expansion for the manufacturing sector.
Temporary government incentives fueled most of the construction spending increases. Industry spending rose 2.7 percent with gains in all major sectors, the Commerce Department said Tuesday.
In a separate report Tuesday, the Institute for Supply Management, a trade group of purchasing executives, said its manufacturing index dipped slightly in May. But the 59.7 reading was well above the 50 level that indicates expansion.
Read tomorrow's Arkansas Democrat-Gazette for full details.
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