Free Markets, Free People
Economic Statistics for 1 Oct 12
The following US economic statistics were announced today:
The ISM manufacturing index rose to a better-than-expected 51.5 in September indicating modest growth in the sector.
The Markit PMI manufacturing index fell –0.4 in September to 51.1, remaining in positive growth territory.
Defying expectations for an increase, construction spending fell –0.6% in August, though it’s up 6.5% on a year-over-year basis.