The value of construction put-in-place edged 0.8% lower (+5.0% y/y) during August following a 1.2% July increase. During the last five months, the value of construction spending has been little changed. The latest increase [...]
Global| Oct 01 2014U.S. Construction Spending Eases
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 01 2014
U.S. ISM Manufacturing Index Retraces Earlier Increase
The Institute for Supply Management's composite index of manufacturing sector activity fell back to 56.6 in September after jumping to 59.0 in August. Despite the decline, the Q3'14 average of 57.6 was the highest since Q1'11. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 01 2014
U.S. ADP Employment Increase Remains Moderate M/M; Factory Hiring Jumps
The ADP/Moody's National Employment Report indicated that hiring remained in the moderate growth range of the last six months. Private sector employment improved last month to 213,000 (2.2% y/y) following a 202,000 August increase, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 01 2014
Europe's Manufacturing Stays One Half-step ahead of Stagnation; But Is It Losing the Race?
The manufacturing PMI for the European Monetary Union edged lower to 50.3 in September from its already weak 50.7 reading in August. The September reading of 50.3 stayed just ahead of the reading of 50.0, which would indicate [...]
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