Economic Statistics for 2 May 16
The PMI Manufacturing Index for April fell -0.7 points to a barely-positive 50.8.
Construction spending rose 0.3% in March, and is up 8.0% on a year-over-year basis.
Right in line with the PMI Index, the ISM Manufacturing index dropped -1.0 point in April to 50.8.
Gallup’s US Consumer Spending Measure for April reports that Americans’ self-reported daily spending rose $6 to $95.