U.S. manufacturing activity slowed more than expected in April amid a sharp drop...
WASHINGTON - U.S. manufacturing activity slowed more than expected in April amid a sharp drop in orders and construction spending fell in March, suggesting a moderation in economic growth.
The Institute for Supply Management said its index of national factory activity fell to a reading of 52.8 in April from 55.3 in March. A reading above 50 indicates growth in the manufacturing sector, which accounts for about 12 percent of the U.S. economy. The ADP figures came ahead of the Labor Department’s more comprehensive employment report on Friday, which includes both public-and private-sector employment.
The unemployment rate is forecast unchanged at 3.8 percent in April. The dollar was trading lower against a basket of currencies, while Treasury prices rose.In a third report, the Commerce Department said construction spending decreased 0.9 percent. Data for February was revised to show construction outlays rising 0.7 instead of increasing 1.0 percent as previously reported.
Increased state and local government spending on roads and highways helped to lift GDP growth to a 3.2 percent annualized rate in the first quarter, according to the advance estimate. The economy grew at a 2.2 percent pace in the October-December period.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
April job gains could be way better than expected if one forecast is rightBofAML economists already are forecasting a big upside surprise. They see job expansion of 250,000 jobs, ahead of the current Dow Jones estimate of 196,000
Baca lebih lajut »
Consumer sentiment slips in April while personal finance outlook hits 15-year highThe University of Michigan said the final reading of its consumer sentiment index in April was 97.2, down a touch from the 98.4 in reading in March.
Baca lebih lajut »
Late April snow is hitting the Upper Midwest, with 15 million people under storm alertsHeavy snow and strong winds are expected to bring hazardous travel conditions to parts of the Upper Midwest where more than 15 million people are under winter storm warnings or advisories
Baca lebih lajut »
Obituary: Charles Van Doren died on April 9thAmerica’s most notorious quiz-show contestant was 93
Baca lebih lajut »
Indonesia's inflation rate seen picking up pace in April: Reuters pollIndonesia's annual inflation rate has likely picked up in April amid rising...
Baca lebih lajut »
Three options strategies for the week: April 29, 2019The 'Options Action' traders share their first moves for the market open.
Baca lebih lajut »
China says its official manufacturing PMI for April came in at 50.1, below expectationsChina said on Tuesday that its manufacturing sector continued to grow in April.
Baca lebih lajut »
China April factory growth unexpectedly slows as economy struggles for tractionFactory activity in China expanded for a second straight month in April but at a...
Baca lebih lajut »
Growth in China's services activity slows in April: official PMIGrowth in China's services industry slowed in April, an official survey sho...
Baca lebih lajut »