Factory Orders Drop 2.5% in January
Mar 05, 10:53 AM EST |
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| Inventories of manufactured nondurable goods, up four of the last five months, increased $4.9 billion or 2.3% to $213.3 billion. |
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| New orders for manufactured goods in January, down following four consecutive monthly increases, decreased $10.8 billion or 2.5% to $429.2 billion, the U.S. Census Bureau reported today. This followed a 2% December increase. Shipments, up four of the last five months, increased $4.7 billion or 1.1% to $431.8 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.4% December decrease. |
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ISM Services Index Rebounds in February
Mar 05, 10:44 AM EST |
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| ISM's Non-Manufacturing New Orders Index contracted for the second consecutive month in February. |
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| ISM''''s Non-Manufacturing Business Activity Index in February registered 50.8%, indicating an increase of 8.9 percentage points after a month of contraction in January when the index registered 41.9%. Seven industries reported increased business activity, and eight industries reported decreased activity for the month of February. Three industries reported no change from January. |
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Productivity Rises 1.9% in Q4
Mar 05, 9:12 AM EST |
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| Manufacturing productivity increased 2.3% in the fourth quarter of 2007, as output decreased 1.7% and hours fell 3.9%. |
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| Labor productivity in the business sector increased 1% in the fourth quarter of 2007, as output increased 0.2% and hours of all persons engaged in the sector decreased 0.7% seasonally adjusted annual rates. When the fourth quarter of 2007 is compared to the fourth quarter of 2006 output per hour increased 3%. |
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ISM Index Declines to 48.3% in February
Mar 04, 12:32 PM EST |
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| ISM's New Orders Index registered 49.1% in February. |
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| Manufacturing failed to grow in February as the PMI registered 48.3%, a decrease of 2.4 percentage points when compared to January''''''''s seasonally adjusted reading of 50.7%. A reading above 50% indicates that the manufacturing economy is generally expanding; below 50% indicates that it is generally contracting. |
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Construction Spending Decreases 1.7% in January
Mar 04, 10:02 AM EST |
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| Private construction spending was at a seasonally adjusted annual rate of $827.4 billion, 2.2% below the revised December estimate of $845.7 billion. |
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| The U.S. Census Bureau of the Department of Commerce announced today that construction spending during January 2008 was estimated at a seasonally adjusted annual rate of $1,121.5 billion, 1.7% below the revised December estimate of $1,140.4 billion. The January figure is 3.3% below the January 2007 estimate of $1,160.2 billion. |
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