Economic Data for Wednesday, March 1, 2000
NAPM for Feb. = 56.9%
Prices paid = 74.1%
napm.org
"The manufacturing sector continued to grow, and the rate of growth is slightly faster than January?s. Production and new orders continue to accelerate, with production significantly higher than January. The NAPM Prices Index continues to indicate most manufacturers are paying higher prices for their purchases, and we continue to report growth in manufacturing employment."
NAPM?s Purchasing Managers' Index was slightly higher at 56.9 percent in February, up from 56.3 percent in January. NAPM's Production Index increased 5.4 percentage points from 55.9 percent in January to 61.3 percent in February. NAPM's New Orders Index rose 0.1 percentage point from 60.4 percent in January to 60.5 percent in February. NAPM?s Backlog of Orders Index registered 54 percent, up 2 percentage points from the 52 percent recorded in January. NAPM's Supplier Deliveries Index is 55 percent in February slightly lower than the 55.2 percent in January. The NAPM Employment Index is at 53.2 percent for February, an increase of 0.5 percentage points when compared to the 52.7 percent reported in January. NAPM's Price Index in February is 74.1 percent, an increase of 1.5 percentage points from January.
Construction Spending for Jan. = +2.7%
census.gov
Construction put in place during January 2000 was estimated at a seasonally adjusted annual rate of $751.8 billion, 3(+/-5) percent above the revised December 1999 estimate of $731.8 billion, according to the U.S. Commerce Department's Census Bureau. The January figure represents an 8 percent increase over January 1999. |
