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U.S. Dec. ISM 51.4% vs. 49.5% expected
WASHINGTON (MarketWatch) - The U.S. manufacturing sector expanded again in December following a rare contraction in November, the Institute for Supply Management reported Wednesday.
The ISM manufacturing sentiment index rose to 51.4% from 49.5% in November. Readings over 50% indicate the sector is growing.
Economists were expecting the index to remain below 50% at 49.5%. The ISM index is considered to be one of the best real-time economic indicators.
The production index rose to 51.8%, the new orders index rose to 52.1%, and the prices paid index fell to 47.5%.
U.S. Oct. construction spending falls revised 0.3%
U.S. Nov. private residential construction outlays down 1.6%
U.S. Nov. private construction spending falls 0.6%
U.S. Nov. construction spending falls 0.2%
ECONOMIC REPORT: U.S. Nov. construction spending falls 0.2%; Drop in residential construction spending leads overall decline
By Robert Schroeder, MarketWatch Last Update: 10:02 AM ET Jan 3, 2007
WASHINGTON (MarketWatch) -- U.S. construction spending fell by 0.2% in November, led by a drop in outlays on home construction projects, the Commerce Department said Wednesday.
Spending for private residential construction projects fell by 1.6% in November, following a drop of 1.7% in October. Residential construction outlays fell by 1.3% in September.
Year-over-year, private residential construction spending is down 11.0%.
The overall 0.2% drop was smaller than the 0.5% drop that economists surveyed by MarketWatch had expected.
Year-over-year, construction spending is up 0.1%.
Outlays in October were revised to a 0.3% decrease from a drop of 1.0% earlier.
Spending by the private sector fell 0.6% in November, while public sector spending gained by 1.0%.
Spending on private-sector lodging projects rose 3.9%, while spending on transportation projects rose 5.2%.
Outlays for manufacturing facilities increased 1.3%, while spending on commercial space rose 1.4%.
In the public sector, spending on commercial and health care projects contributed to the 1.0% overall increase.
Spending on schools rose 2.3%, while spending on highways and streets rose 0.4%.
WASHINGTON (MarketWatch) - The U.S. manufacturing sector expanded again in December following a rare contraction in November, the Institute for Supply Management reported Wednesday.
The ISM manufacturing sentiment index rose to 51.4% from 49.5% in November. Readings over 50% indicate the sector is growing.
Economists were expecting the index to remain below 50% at 49.5%. The ISM index is considered to be one of the best real-time economic indicators.
The production index rose to 51.8%, the new orders index rose to 52.1%, and the prices paid index fell to 47.5%.
U.S. Oct. construction spending falls revised 0.3%
U.S. Nov. private residential construction outlays down 1.6%
U.S. Nov. private construction spending falls 0.6%
U.S. Nov. construction spending falls 0.2%
ECONOMIC REPORT: U.S. Nov. construction spending falls 0.2%; Drop in residential construction spending leads overall decline
By Robert Schroeder, MarketWatch Last Update: 10:02 AM ET Jan 3, 2007
WASHINGTON (MarketWatch) -- U.S. construction spending fell by 0.2% in November, led by a drop in outlays on home construction projects, the Commerce Department said Wednesday.
Spending for private residential construction projects fell by 1.6% in November, following a drop of 1.7% in October. Residential construction outlays fell by 1.3% in September.
Year-over-year, private residential construction spending is down 11.0%.
The overall 0.2% drop was smaller than the 0.5% drop that economists surveyed by MarketWatch had expected.
Year-over-year, construction spending is up 0.1%.
Outlays in October were revised to a 0.3% decrease from a drop of 1.0% earlier.
Spending by the private sector fell 0.6% in November, while public sector spending gained by 1.0%.
Spending on private-sector lodging projects rose 3.9%, while spending on transportation projects rose 5.2%.
Outlays for manufacturing facilities increased 1.3%, while spending on commercial space rose 1.4%.
In the public sector, spending on commercial and health care projects contributed to the 1.0% overall increase.
Spending on schools rose 2.3%, while spending on highways and streets rose 0.4%.
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