
June 12, 2017 Weekly Economic Update
The ISM’s May non-manufacturing purchasing manager index displayed a reading of 56.9 last week, showing expansion in U.S. service industries.
The ISM’s May non-manufacturing purchasing manager index displayed a reading of 56.9 last week, showing expansion in U.S. service industries.
JOB CREATION, JOBLESS RATE DOWN IN MAY; CONSUMER CONFIDENCE INDEX DECLINES; FACTORY GROWTH MAINTAINS ITS PACE; PERSONAL SPENDING INCREASES;
With the FOMC expressing the exact opinion in the record of its May 2-3 meeting, investors saw little that would delay from raising interest rates in June.
CONSTRUCTION ACTIVITY SLOWED IN APRIL, INDUSTRIAL OUTPUT SURGES, GOLD & WTI CRUDE STAGE MAJOR RALLIES, STOCKS FINISH A CHOPPY WEEK LOWER
The pace of retail purchases hastened by 0.4% last month, and the Bureau of Economic Analysis revised the 0.2% March retreat into a 0.1% gain.
The Institute for Supply Management’s April purchasing manager index dipped to 54.8 from 57.2; ISM’s non-manufacturing PMI rose 2.3 points to 57.5.