The Institute of Supply Management’s Index moved up 1.5 points on month, (m/m) to 58.1 for July 2018. This value is an encouraging sign for the manufacturing sector. The index has been greater than 50, (>50 = expansion) for twenty-three consecutive months. The new orders sub-index scored a 63.5. Overall, the ISM manufacturing index is strong [...]
The Institute for Supply Management’s non-manufacturing composite index decreased 3.4 points month on month, (m/m) to 55.7 in July. The indexes is off strong start in 2018, up 3.1% 3MMA y/y. The strong advance in the index points to continued growth in the nonmanufacturing segment as the fundamentals remain strong for the sector. The ISM [...]
Total U.S. construction spending continued to perform well in June, especially in the federal sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that June’s twelve month total, (12MT) construction expenditures grew by 4.3% year on year (y/y), to $1262.9 billion (B). On a 12MT basis, private expenditures advanced 4.6% y/y, while, State [...]
