US Manufacturing Growth Slows; Construction Spending Falls

[Purveyor]

Source: REUTERS

The pace of U.S. manufacturing growth slowed in April as the sector expanded only modestly, an industry report showed on Wednesday. A separate report showed that construction spending fell in March.

The Institute for Supply Management (ISM) said its index of national factory activity fell to 50.7 from 51.3 in March, coming in below expectations for 50.9. A reading above 50 indicates expansion.

In a sign of potential resiliency, the forward-looking new orders component edged up to 52.3 from 51.4, while production improved to 53.5 from 52.2.

But employment fell to 50.2 from 54.2, boding poorly for the Labor Department's national unemployment report due on Friday.

Read more: http://www.cnbc.com/id/100694720

[newfie11]

1. Thanks congress

The repugs will get what they want, American depression #2

[Andy823]

2. Yep

Like Pat Toomey said, some republicans are simply not going to do anything that they feel will make the president look good, they simply will not help the country because they hate the president so much. With people like that in congress, especially the House, nothing will ever get done. The only hope we have is that they get the boot next year, but with so many "idiots" in their districts that are as full of hate as they are, that might not be an easy thing to do.

[newfie11]

4. +1

[DCBob]

3. sequester effects.

Republicans must be so proud.