October Construction Spending Down; ISM Index Contracts for 1st Time Since 2020

Construction spending dipped in October, the Commerce Department reported Thursday, with slight increase in public construction offset by a decline in private construction. Separately, the Institute for Supply Management, Phoenix, reported its Manufacturing Report on Business fell for the first time in two and a half years.

Service Sector Expands at Fastest Pace in 4 Months

Economic activity in the services sector rose in August for the 27th month in a row, and at the fastest pace in four months, the Institute for Supply Management, Tempe, Ariz., reported Tuesday.

June Construction Spending Down; Manufacturing Slows

Construction spending in June fell by more than 1 percent from May, the Census Bureau reported Monday. In a separate report, Institute for Supply Management, Tempe, Ariz., said its Manufacturing Index fell by 0.2 percent to a nearly two-year low.