While you were sleeping: US outlook brightens

Tue, 01 Mar 2016

By Margreet Dietz March 2 (BusinessDesk) - Wall Street rallied as the latest data on US manufacturing, construction spending and car sales bolstered optimism about the outlook. An Institute for Supply Management report showed that its index of national factory activity rose to 49.5 last month, up from 48.2 in January and it was the highest reading since September. Separately, a Commerce Department report showed construction spending increased 1.5 percent to US$1.14 trillion in January, the highest level since October 2007, from an upwa...

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