Free Markets, Free People

Economic Statistics for 1 May 15

April motor vehicle sales fell -4.1% from a strong March, to still fairly robust 16.5 million annual rate.

The Markit PMI manufacturing index for April fell -1.6 points to 54.1 in April.

Weakness in the employment component held the ISM manufacturing index unchanged for April at 51.5.

The University of Michigan’s consumer sentiment index was unchanged in April at 95.9.

March construction spending dropped -0.6% against expectations of an increase of 0.4%, showing basic weakness in the construction sector. 

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