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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.

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