Economic Statistics for 1 Apr 15
Reversing three months of decline, auto sales rose 6.2% in March, to a 17.2 million annual rate.
The Markit PMI manufacturing flash index for March rose 0.6 points from the February final to 55.7.
The composite index from the ISM manufacturing survey fell for the fifth straight month, down -1.4 points in March to 51.5.
Falling public outlays drove construction sending down unexpectedly by -0.1% in February. On a year-over-year basis, spending is up only 2.1%.
The MBA reports that mortgage applications rose 4.6% last week, with purchases up 6.0% and refis up 4.0%.
ADP’s employment report shows a soft estimate of 189,000 new private sector jobs created in March.
Gallup’s U.S. Job Creation Index remained unchanged at 29 in March.