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US construction spending up 0.5% in December
Construction spending in the United States reached $2.19 trillion in December, rising by 0.5% from the previous month's revised figures, the US Census Bureau revealed in its report on Monday. On an annual basis, construction spending increased by 4.3%. Private construction spending advanced by 0.9% month-on-month to stand at $1.69 trillion in the reported month, with residential construction and non-residential construction up by 1.5% and 0.1%, respectively. Meanwhile, public construction spending was at $503.6 billion, climbing by 0.5% from the prior month's figure, as educational construction decreased by 0.6%, ... (full story)
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- From prnewswire.com|Feb 3, 2025|1 comment
Economic activity in the manufacturing sector expanded in January after 26 consecutive months of contraction, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. "The Manufacturing PMI® registered 50.9 percent in January, 1.7 percentage points higher compared to the seasonally adjusted 49.2 percent recorded in December. The overall economy continued in expansion for the 57th month after one month of contraction in April 2020. (A Manufacturing PMI® above 42.3 percent, over a period of time, generally indicates an expansion of the overall economy.) The New Orders Index was in expansion territory for the third month after seven months of contraction, strengthening again to a reading of 55.1 percent, 3 percentage points higher than the seasonally adjusted 52.1 percent recorded in December. The January reading of the Production Index (52.5 percent) is 2.6 percentage points higher than December's seasonally adjusted figure of 49.9 percent. The index returned to expansion after eight months in contraction. The Prices Index continued in expansion (or 'increasing') territory, registering 54.9 percent, up 2.4 percentage points compared to the reading of 52.5 percent in December. The Backlog of Orders Index registered 44.9 percent, down 1 percentage point compared to the 45.9 percent recorded in December. The Employment Index registered 50.3 percent, up 4.9 percentage points from December's seasonally adjusted figure of 45.4 percent. post: US ISM Manufacturing Jan: 50.9 (est 49.9; prev R 49.2) - New Orders: 55.1 (prev R 52.1) - Employment: 50.3 (prev R 45.4) - Prices Paid: 54.9 (est 54.8; prev 52.5)ISM: US manufacturing PMI improves in January The US manufacturing sector returned to growth in January, ending 26 consecutive months of contraction, according to the Institute for Supply Management (ISM). The Manufacturing PMI rose to 50.9%, up from December’s 49.2%, signaling expansion. New orders and production also saw strong gains, with the New Orders Index reaching 55.1%. Challenges remain as businesses navigate potential tariffs and supply chain disruptions despite the rebound. Companies are closely monitoring policy changes that could impact costs and production strategies. ISM Chair Timothy Fiore noted that demand improved significantly while output and employment expanded. However, supply chain concerns persist, particularly in industries like aerospace and defense.
- From pmi.spglobal.com|Feb 3, 2025
The start of the new year saw a renewed expansion in the US manufacturing sector amid a surge in confidence. Both output and new orders returned to growth in January, while ...
- From cnbc.com|Feb 3, 2025
Shares of auto giants fell sharply on Monday, after U.S. President Donald Trump imposed long-threatened tariffs on goods from Canada, Mexico and China. Trump signed executive ...
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- From kitco.com|Feb 3, 2025
Gold prices are posting good gains and are near last week’s record highs in early U.S. trading Monday. Safe-haven demand is featured in the yellow metal amid keener marketplace ...
- From @DBNewswire|Feb 3, 2025|27 comments
post: *MEXICO’S PRESIDENT: TARIFFS ARE PAUSED FOR A MONTH FROM NOW: RTRS post:
*SHEINBAUM SAYS "GOOD" CALL WITH US' TRUMP LED TO SOME ACCORDS - BBG post: MEXICAN PRESIDENT SHEINBAUM SAYS U.S. AND MEXICO TEAMS HAVE STARTED TO WORK TODAY ON SECURITY AND BUSINESS post: MEXICAN PRESIDENT SHEINBAUM SAYS MEXICO WILL DEPLOY 10,000 NATIONAL GUARD IMMEIDATLEY TO BORDER TO AVOID TRAFFICKING OF DRUGS TO U.S.
- From @DeItaone|Feb 3, 2025|7 comments
post: WHITE HOUSE CONFIRMS ONE MONTH DELAY ON MEXICO TARIFFS - CNBC post: TRUMP: WE WILL HAVE NEGOTIATIONS HEADED BY RUBIO, BESSENT, LUTNICK ASWELL AS MEXICAN OFFICIALS. post: TRUMP: I LOOK FORWARD TO PARTICIPATING IN THOSE NEGOTIATIONS WITH PRESIDENT SHEINBAUM AS WE ATTEMPT TO ACHIEVE A DEAL BETWEEN OUR TWO COUNTRIES. post: I just spoke with President Claudia Sheinbaum of Mexico. It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican Soldiers on the Border separating Mexico and the United States. These soldiers will be specifically designated to stop the flow of…
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- Posted: Feb 3, 2025 10:07am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 1,791
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