U.S. Construction Spending Unexpectedly Climbs 0.9% In March

Trading 01 mai 2020 Commentaire »

A report released by the Commerce Department on Friday showed an unexpected increase in U.S. construction spending in the month of March.

The Commerce Department said construction spending climbed by 0.9 percent to an annual rate of $1.361 trillion in March after tumbling by 2.5 percent to a revised $1.348 trillion in February.

The increase came as a surprise to economists, who had expected construction spending to plunge by 3.5 percent compared to the 1.3 percent slump originally reported for the previous month.

The unexpected rebound in construction spending came as spending on private construction rose by 0.7 percent to an annual rate of $1.013 trillion in March.

Spending on residential construction jumped by 2.3 percent to a rate of $550.3 billion, more than offsetting a 1.3 percent slump in spending on non-residential construction to a rate of $462.3 billion.

The report said spending on public construction also jumped by 1.6 percent to a rate of $348.0 billion, partly reflecting a 4.6 percent spike in spending on highway construction to a rate of $108.3 billion.


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U.S. Manufacturing Index Slumps To Eleven-Year Low In April

Trading 01 mai 2020 Commentaire »

Manufacturing activity in the U.S. continued to contract in the month of April, according to a report released by the Institute for Supply Management on Friday.

The ISM said its purchasing managers index slumped to 41.5 in April from 49.1 in March, with a reading below 50 indicating a contraction in manufacturing activity.

The manufacturing index showed a notable decrease compared to the previous month but still came in above economist estimates for a reading of 36.9.

With the decline, the purchasing managers index dropped to its lowest level since hitting 39.9 in April of 2009.

"The coronavirus pandemic and global energy market weakness continue to impact all manufacturing sectors for the second straight month," said Timothy R. Fiore, Chair of the ISM Manufacturing Business Survey Committee.

The decrease by the headline index came as the new orders plunged to 27.1 in April from 42.2 in March and the production index plummeted to 27.5 from 47.7.

The employment index also showed a nosedive to 27.5 in April from 43.8 in March, hitting its lowest level since June of 1949.

The report said the prices index also fell to 35.3 in April from 37.4 in March, indicating a continued decrease in prices.

Next Tuesday, the ISM is scheduled to release a separate report on activity in the service sector in the month of April.

The ISM's non-manufacturing index is expected to plunge to 32.0 in April from 52.5 in March, with a reading below 50 indicating a contraction in service sector activity.


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Dollar Little Changed After ISM Manufacturing Index, Construction Spending

Trading 01 mai 2020 Commentaire »

The ISM manufacturing index for April and construction spending for March have been published at 10:00 am ET Friday. After the data, the greenback changed little against its major counterparts. The greenback was trading at 106.94 against the yen, 0.9619 against the franc, 1.2514 against the pound and 1.0973 against the euro around 10:05 am ET.


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*ISM U.S. Manufacturing Index Drops To 41.5 In April

Trading 01 mai 2020 Commentaire »

ISM U.S. Manufacturing Index Drops To 41.5 In April


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*U.S. Construction Spending Climbs 0.9% In March

Trading 01 mai 2020 Commentaire »

U.S. Construction Spending Climbs 0.9% In March


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Dollar Mixed Ahead Of ISM Manufacturing Index, Construction Spending

Trading 01 mai 2020 Commentaire »

The ISM manufacturing index for April and construction spending for March are scheduled for release at 10:00 am ET Friday. Ahead of the data, the greenback traded mixed against its major counterparts. While the greenback dropped against the franc and the yen, it held steady against the euro and the pound. The greenback was worth 106.80 against the yen, 0.9616 against the franc, 1.2523 against the pound and 1.0976 against the euro as of 9:55 am ET.


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*Yen Tick Up To 110.77 Vs Franc, 117.04 Vs Euro

Trading 01 mai 2020 Commentaire »

Yen Tick Up To 110.77 Vs Franc, 117.04 Vs Euro


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*Yen Rises To 106.62 Against U.S. Dollar

Trading 01 mai 2020 Commentaire »

Yen Rises To 106.62 Against U.S. Dollar


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*Yen Climbs To 3-day High Of 64.61 Against NZ Dollar

Trading 01 mai 2020 Commentaire »

Yen Climbs To 3-day High Of 64.61 Against NZ Dollar


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*Canadian Dollar Weakens To 8-day Low Of 76.02 Against Yen

Trading 01 mai 2020 Commentaire »

Canadian Dollar Weakens To 8-day Low Of 76.02 Against Yen


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