b***t
发帖数: 1248 | 1 U.S. manufacturing activity hits 13-year high; construction spending up
Lucia Mutikani
4 MIN READ
Workers construct mini-bikes at motorcycle and go-kart maker Monster Moto in
Ruston, Louisiana January 25, 2017. Picture taken January 25, 2017. REUTERS
/Nick Carey
WASHINGTON (Reuters) - U.S. factory activity surged to a more than 13-year
high in September amid strong gains in new orders and raw material prices,
pointing to underlying strength in the economy even as Hurricanes Harvey and
Irma are expected to dent growth in the third quarter.
The economic outlook was also bolstered by other data on Monday showing a
rebound in construction spending in August. The acceleration in
manufacturing activity and the accompanying increase in prices could harden
expectations that the Federal Reserve will raise interest rates in December.
The Institute for Supply Management (ISM) said its index of national factory
activity surged to a reading of 60.8 last month, the highest reading since
May 2004, from 58.8 in August.
A reading above 50 in the ISM index indicates an expansion in manufacturing,
which accounts for about 12 percent of the U.S. economy. The ISM said
Harvey and Irma had caused supply chain and pricing issues in the chemical
products sector. There were also concerns about the disruptive impact of the
storms in the food, beverage and tobacco products industries.
The hurricanes are expected to chop off as much as six-tenths of a
percentage point from gross domestic product growth in the third quarter.
Harvey, which pummeled Texas at the end of August, has undercut consumer
spending and weighed on industrial production, homebuilding and home sales.
Further weakness in likely after Irma struck Florida in early September,
causing widespread power cuts. Manufacturing outside the areas affected by
the hurricanes remained strong in September. The ISM survey’s production
sub-index rose 1.2 points to a reading of 62.2 in September.
A gauge of new orders jumped to 64.6 in September from 60.3 in August.
Factories reported paying more for raw materials, with the survey’s prices
paid index surging 9.5 point to 71.5, the highest reading since May 2011.
The dollar rose against the euro after the data. Prices for U.S. Treasuries
were trading higher as were stocks on Wall Street.
Single family homes being built by KB Homes are shown under construction in
San Diego, California, U.S., April 17, 2017. REUTERS/Mike Blake
CONSTRUCTION SPENDING RISES
In separate report on Monday, the Commerce Department said construction
spending rose 0.5 percent to $1.21 trillion. July’s construction outlays
were revised sharply down to show a 1.2 percent plunge instead of the
previously reported 0.6 percent drop. Construction spending increased 2.5
percent on a year-on-year basis.
The government said Harvey and Irma did not appear to have impacted the
construction spending data as the responses from the Texas and Florida areas
affected by the storms were “not significantly lower than normal.”
In August, spending on private residential projects increased 0.4 percent,
rising for a fourth straight month. Spending on nonresidential structures
increased 0.5 percent, snapping two straight monthly declines.
In the wake of Harvey and Irma, nonresidential construction spending could
fall in September. According to the Commerce Department, Texas and Florida
accounted for 22 percent of U.S. private nonresidential construction
spending in 2016.
Investment in nonresidential structures such as oil and gas wells has been
slowing as the boost from recovering oil prices fizzles. Private
construction projects spending increased 0.4 percent in August.
Outlays on public construction projects rebounded 0.7 percent in August
after slumping 3.3 percent in July. Spending on state and local government
construction projects increased 1.1 percent in August. Gains in September
are likely to be curbed by the hurricanes.
Texas and Florida accounted for 15 percent of U.S. state-and -locally owned
construction spending in 2016, according to the Commerce Department.
Federal government construction spending tumbled 4.7 percent to its lowest
level since April 2007. | e****w
发帖数: 1565 | | b***t
发帖数: 1248 | 3 投降即可，缴枪不杀
【在 e****w 的大作中提到】
: 啊啊啊 好怕啊 怕死了 怎么办啊
| z*****l
发帖数: 3472 | | b***t
发帖数: 1248 | 5 必须的！中国又要大放水了，这次6万亿，可见tg慌了
【在 z*****l 的大作中提到】
: 中国终于要完了，喜大普奔。
| t****n
发帖数: 10724 | 6 不怕，说明美国才回复到13年前的水平， 还没有回到最高 | c****h
发帖数: 4968 | | p***n
发帖数: 17190 | 8 當初那個 seagate 不該當肉牛給宰了....
in
REUTERS
and
【在 b***t 的大作中提到】
: U.S. manufacturing activity hits 13-year high; construction spending up
: Lucia Mutikani
: 4 MIN READ
: Workers construct mini-bikes at motorcycle and go-kart maker Monster Moto in
: Ruston, Louisiana January 25, 2017. Picture taken January 25, 2017. REUTERS
: /Nick Carey
: WASHINGTON (Reuters) - U.S. factory activity surged to a more than 13-year
: high in September amid strong gains in new orders and raw material prices,
: pointing to underlying strength in the economy even as Hurricanes Harvey and
: Irma are expected to dent growth in the third quarter.
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