• ISM Manufacturing index increased to 61.3 in August

    2 monthes ago - By Calculated Risk

    The ISM manufacturing index indicated expansion in August. The PMI was at 61.3% in August, up from 58.1% in July. The employment index was at 58.5%, up from 56.5% last month, and the new orders index was at 65.1%, up from 60.2%.
    From the Institute for Supply Management: August 2018 Manufacturing ISM® Report On Business®
    Economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 112th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.
    The report was issued today by Timothy R. Fiore, CPSM...
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  • Construction Spending increased 0.1% in July

    Construction Spending increased 0.1% in July

    2 monthes ago - By Calculated Risk

    Earlier today, the Census Bureau reported that overall construction spending increased slightly in July:
    Construction spending during July 2018 was estimated at a seasonally adjusted annual rate of $1,315.4 billion, 0.1 percent above the revised June estimate of $1,314.2 billion. The July figure is 5.8 percent above the July 2017 estimate of $1,242.8 billion. Private spending decreased and public spending increased:
    Spending on private construction was at a seasonally adjusted annual rate of $1,010.9 billion, 0.1 percent below the revised June estimate of $1,011.9 billion....
    In July, the...
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