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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.

Dale Franks
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