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Manufacturing in the U.S. continued its hot streak in February, but there are questions following other data released earlier about the sector. Personal incomes and expenditures were up, and construction spending remained robust despite little change from the month before.
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U.S. manufacturing activity in July remained solid, according to two reports issued Tuesday while separate ones showed overall construction activity in the U.S. eased as consumer spending and personal incomes barely improved.
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Activity in the nation’s manufacturing sector continued to throttle back in April from a near two-year peak earlier in 2017, but it continues to expand. Separate reports show drops in consumer spending and construction, but analysts remain generally optimistic about the entire year.
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Economic activity in the nation’s manufacturing sector continued expanding in February, according to two surveys of the nation’s purchasing managers. One report shows conditions are the best in two years while the other indicates things are slightly cooler than they were at the beginning of 2017.
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The U.S. manufacturing industry kicked off the year with its strongest performance in two years, according to a new report, while a separate one about the sector plus others regarding employment, personal spending and incomes all points to increased economic growth.
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Private sector employment increased by 200,000 jobs from February to March, according to the latest National Employment Report from payroll processor ADP, while the mood of consumers has improved, with spending and incomes seeing modest gains.
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Following a raft of disappointing economic news, there are new encouraging signs about the health of the American economic, with improvements in some of the most closely watched measures – including the beleaguered manufacturing sector.
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While activity in the nation’s manufacturing improved in January from the month before, according to reports on Monday, there is disagreement as to whether this sector is expanding or shrinking.
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Two days before Christmas, the Commerce Department released three reports on the U.S. economy. When put together, they show a solid performance, though not as strong as it has been or some would like.
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Consumers are feeling better than they were before and are spending more money because they are taking home larger paychecks, according two new reports. That bodes well for truck freight.
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