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THE ECONOMY.(TO THE POINT)
Construction spending falls 0.3%
Economists expected a 0.1% rise in April. It was the 3rd straight decline. Commercial and industrial construction plunged. Home building also slipped, but low mortgage rates should keep activity at a high level. Public construction edged up 0.2% after two big monthly drops.
Rise in home prices slows in Q1
U.S. home prices rose 0.94% from Q4, the smallest gain since Q2 '98, the Office of Federal Housing Enterprise Oversight said. Prices rose 6.48% vs. a year ago after Q4's 7.6% gain. It was the smallest rise since Q4 '99. If economic growth stays slow, home prices could still rise nearly 4% this year, OFHEO said.
** Fannie Mae expects $3.7 tril in home loans this year on low mortgage rates, up 42% from last year's record $2.6 tril. Fannie Mae had seen $3.3 tril.
Data raise hope for ECB rate cut
The Reuters Purchasing Managers' Index for the euro zone fell 1 point to 46.8 in May, as factory activity shrank for a third month. A gauge of new orders hit an 18-month low. ...
- Area factory activity rebounds in January.
- Newspaper article from: Buffalo News (Buffalo, NY) February 2, 2007 700+ words
...Management-Buffalo Inc. The local purchasing managers' survey found that production, prices...orders continue to fall. The Buffalo purchasing managers' index, a gauge of factory activity, rose to 54.2, up from 52.3 in...
- Grim View Seen in Britain As Factory Activity is Down Again.
- Newspaper article from: Knight Ridder/Tribune Business News January 2, 2003 700+ words
...manufacturing sector ended 2002 on a grim note with factory activity contracting in December for the first time...snapshot of the sector from CIPS/Reuters Purchasing Managers' Report showed that although manufacturing...
- ISM Factory activity slows a bit in Jan.
- News wire article from: The America's Intelligence Wire February 1, 2006 700+ words
...Marketwatch (Stories)) WASHINGTON (MarketWatch) -- Factory activity in the United States slowed a little in January, the...ISM survey was released. The trade group surveys the purchasing managers at factories around the country. A reading above 50 signals...
- UPDATE 1-U.S. factory activity index surprises on rise to 59.4%.
- News wire article from: The America's Intelligence Wire October 3, 2005 700+ words
...Marketwatch (Stories)) WASHINGTON (MarketWatch) -- Factory activity in the U.S. accelerated in September, the Institute...See Economic Calendar. The trade group surveys the purchasing managers at factories around the country. A reading above 50 signals...
- UPDATE 1-ISM Factory activity slows a bit in Jan.
- News wire article from: The America's Intelligence Wire February 1, 2006 700+ words
...Byline: TIM MOLLOY WASHINGTON (MarketWatch) -- Factory activity in the United States slowed a little in January, the...ISM survey was released. The trade group surveys the purchasing managers at factories around the country. A reading above 50 signals...
- Manufacturing Survey Shows Steady Factory Activity in Southern California.
- Newspaper article from: Knight Ridder/Tribune Business News April 2, 2003 700+ words
...Tribune Business News Apr. 2--The survey measuring factory activity in Inland Southern California in March, like the eight...neither economic strength nor a marked slowdown. The Purchasing Managers Index for Riverside and San Bernardino counties was 49...
- UPDATE 2-U.S. factory activity index surprises on rise to 59.4%.
- News wire article from: The America's Intelligence Wire October 3, 2005 700+ words
...Hurricane Katrina had a surprising effect on U.S. factory activity in September, the Institute for Supply Management reported...soared to 78% from 62.5%. The trade group surveys the purchasing managers at factories around the country. A reading above 50 signals...
- Factory activity drops sharply in area.
- Newspaper article from: Chicago Tribune (Chicago, IL) February 1, 2007 700+ words
...Wednesday. Economists had been expecting the Chicago purchasing managers index to inch up to 52 from December's 51.6 reading...Under the index format used by the National Association of Purchasing Managers-Chicago, a reading above 50 indicates the economic...
- Factory Activity Stalled In ISM's June Report; Details Signal Growth; Index...
- Magazine article from: Investor's Business Daily Wise, Christina July 2, 2003 700+ words
...the Institute of Supply Management. But upticks in orders and production offered hope for the future. The ISM Purchasing Managers' Index edged up to 49.8 from May's 49.4. That's just below the 50 mark that separates factory growth...
- Philadelphia factory activity shows slowdown in August.
- News wire article from: The America's Intelligence Wire August 19, 2004 700+ words
...Philly Fed and the Empire State indexes are closely watched because they often accurately forecast what a national purchasing managers survey on manufacturing activity will show. The survey reported by the Institute for Supply Management comes...