To: Mohan Marette who wrote (130055 ) 6/1/1999 10:45:00 AM From: Lee Read Replies (3) | Respond to
Morning Mohan,..Re:.Eco data du jour Construction Spending for April = -2.4% census.gov Construction put in place during April 1999 was estimated at a seasonally adjusted annual rate of $697.4 billion, 2(+/-5) percent below the revised March estimate of $714.8 billion, according to the U.S. Commerce Department's Bureau of the Census. The LEI for April = -0.1% tcb-indicators.org The leading index decreased 0.1 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.4 percent in April. Taken together, the three composite indexes and their components show a healthy economy: NAPM for May = 55.2% Prices Paid = 52.2% napm.org Purchasing Managers' Index (PMI) at 55.2%, Growth in Production, New Orders, New Export Orders NAPM's Backlog of Orders Index gained additional momentum indicating growing manufacturing order backlog, while NAPM's Supplier Deliveries Index reversed direction from April and indicates deliveries are slowing. Manufacturing Employment grew during May signaling a possible reversal of the trend that began in June of 1998. NAPM's Price Index also reversed direction, ending a decline in prices that began in January 1998. Export Orders are again growing and have reversed the downward trend that first surfaced in NAPM's New Orders Index continued its strong performance with an index of 58.9 percent in May, an increase of 4.1 percentage points NAPM's Price Index gained 2.3 percentage points to 52.2, rising above the 50 mark for the first time since December 1997.
