Economic Statistics for 1 Jul 16
June motor vehicle sales fell a very sharp -4.6% to a 16.7 million annual rate. North American-made vehicle sales fell -3.7% to a 13.2 million annual rate.
The June PMI Manufacturing Index rose 0.6 points to 51.3, while the ISM Manufacturing Index rose a stronger 1.9 points to 53.2.
Construction spending fell unexpectedly in May, down -0.8%. Year-on-year spending is up 4.5%. April’s Construction spending was revised sharply downward to -2.0%.