THE BASIS POINT

Manufacturing Growth Slows.

 

PMI Manufacturing Index  (April 2016)

– Index Level  50.8. Previous was 51.5

Manufacturing remain soft.

ISM Manufacturing Index  (April 2016)

– ISM Index 50.8. Previous was 51.8

Growth but at a slower pace.

 

Construction Spending  (March 2016)

– Construction Spending month/month +0.3%. Previous was revised from -0.5% to +1.0%
– Construction Spending year/year  +8.0%
– Single Family Residence construction was flat month/month and +13.4% year/year.

 

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