Economic Statistics for 3 Jun 13
Here are today’s statistics on the state of the economy:
Auto sales rose in May, and the Big 3 Automakers all report sales increases: GM 3.1%, Ford 14%; Chrysler 11%. Total us auto sales rose 8% from last year, to an annual pace of 15.2 million vehicles.
The PMI Manufacturing Index for May rose 0.2 to 52.3.
ISM Manufacturing Index fell -1.7 to 49.0, with all major components showing weakness.
Construction spending rose a less-than-expected 0.4% in April, which is up 4.3% on a year-over-year basis.