Newspaper article The Florida Times Union

Morning Briefs

Newspaper article The Florida Times Union

Morning Briefs

Article excerpt

AS CONSTRUCTION GAINS, MANUFACTURING SLOWS

A pair of indicators offered a mixed picture of the economy Monday as growth slowed among U.S. manufacturers while commercial construction showed surprising resilience. The manufacturing sector expanded in September at the slowest pace in more than a year, a trade group said.

A big gain in commercial construction spending, however, was enough to offset a decline in home building in August, the Commerce Department said. Construction spending edged up 0.3 percent to a seasonally adjusted annual rate of $1.20 trillion, the best showing in five months.

The Institute for Supply Management, based in Tempe, Ariz., said its manufacturing index registered 52.9 in September. The September figure represented the 40th consecutive month of growth.

The Commerce Department's report Monday said spending on private home construction dropped 1.5 percent in August to a seasonally adjusted rate of $617 billion. The August decline followed an even bigger 2.1 percent July decrease and marked the fifth straight home building has fallen.

Associated Press

STARBUCKS WILL OPEN AT PALENCIA COMMONS

A Starbucks coffee shop in St. Johns County is expected to anchor the Mercado Walk at Palencia Commons shopping and office center, which is under construction. Starbucks has signed a lease for a 1,800 square-foot store with drive-through lane, according to a news release from the property owner and developer, Jacksonville-based Joyce Development Group. The store, which would be the county's third Starbucks, is slated to open in July 2007.

Joyce Development Group acquired the 6.3-acre Mercado Walk site, at Paseo Reyes Drive and U.S. 1, in 2005.

Alison Trinidad/The Times-Union

SEMICONDUCTOR SALES SOAR TO MONTHLY RECORD

Semiconductor sales worldwide surged to a monthly record of $20. …

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