THE BASIS POINT

Construction Spending down.

 

PMI Manufacturing Index (June 2016)

– Level 51.3. Previous was 50.7

This is a survey index and a supply side look at the manufacturing sector.

ISM Manufacturing Index (June 2016)

– level 53.2 51.3
This is a diffusion index calculated from 5 subcomponents of the monthly survey of manufacturers. It is another supply side metric.

Construction Spending (May 2016)

– Construction Spending month/month -0.8%. Previous was -2.0%
– Construction Spending year/year +4.5%.

Residential Construction Spending is -4.0% year/year.

 

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