Economic Data for Monday, August 2nd, 1999
NAPM for July = 53.4%
napm.org
(Tempe, Arizona) — Economic activity in the manufacturing sector grew for the sixth consecutive month in July providing signs of a strengthening recovery. The overall economy continued to grow in July for the 99th consecutive month say the nation's purchasing executives in the latest Manufacturing NAPM Report On Business®.
NAPM's Purchasing Managers' Index was lower at 53.4 percent in July, down from 57.0 in June. NAPM's Production Index decreased 4.8 percentage points from 63.0 percent in June to 58.2 percent in July. NAPM's New Orders Index fell 7.3 percentage points from 61.7 percent in June to 54.4 percent in July. NAPM's Backlog of Orders Index registered 50.5 percent, 4.0 percentage points lower than the 54.5 percent recorded in June. NAPM's Supplier Deliveries Index moved to 54.2 percent in July up from 53.1 percent in June. NAPM Employment Index is at 49.6 for July, 2.3 percentage points lower than the 51.9
percent reported in June. NAPM's Price Index in July is 54.7 percent
NAPM's Price Index gained 1.2 percentage points to 54.7, rising above the 50 mark for the third consecutive month. The index indicates higher prices paid by manufacturers during July, as compared to June.
Construction Spending for June = +0.5%
census.gov
census.gov
Construction put in place during June 1999 was estimated at a seasonally adjusted annual rate of $699.4 billion, 1(+/-5) percent above the revised May estimate of $695.9 billion, according to the U.S. Commerce Department's Census Bureau. The June figure represents a 4(+/-5) percent increase over June 1998. During the first 6 months of this year $324.7 billion of construction was put in place, 8 percent above the $300.9 billion for the same period in1998.
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