Results from two surveys of the nation’s purchasing executives indicate manufacturing activity in the U.S. during May was nearly unchanged from the month before. Meanwhile, separate reports show construction spending eased, but consumer spending increased, resulting in hopes that the current quarter will be stronger for the overall economy than the previous one.
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.
Two indicators show that while the manufacturing sector of the economy continued to grow in March, its rate of growth was slower than the month before. Meanwhile, a separate report showed construction spending rebounded to a level that’s the highest in more than a decade.
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.
Employers in the U.S. continue to add people to their payrolls at a healthy pace, and there is mounting evidence that the nation’s manufacturing sector is coming out of the doldrums.
Manufacturing in the U.S. ended 2016 on a high note, hitting its best level since 2014, according to two new reports, while separate data reveals construction spending in the country hit its highest level in a little more than a decade.
In another sign the U.S. economy is gathering more steam, two reports released Thursday morning showed a strong rebound in the nation’s manufacturing sector while another indicated construction remains strong following earlier positive indicators.
New economic reports show the nation’s manufacturing sector continues improving along with consumer spending-- the latest signs the overall economy is gaining traction-- while a separate report shows construction activity has eased, but only just a bit.
A preliminary report released Friday shows growth in the nation’s manufacturing sector is easing this month amid the slowest expansion of new orders so far this year, according the financial information services provider IHS Markit.
There is slight disagreement when it comes to the health of the nation’s manufacturing industry in the wake of two reports issued on Thursday, but not when it comes to what pulled two gauges lower for August.
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