ISM manufacturing index hits 59.0 in August; Construction spending rises 1.8% in July

ISM manufacturing index hits 59.0 in August; Construction spending rises 1.8% in July: "The pace of growth in the U.S. manufacturing sector rose in August to its highest level since March 2011, according to an industry report released on Tuesday.

The Institute for Supply Management (ISM) said its index of national factory activity rose to 59.0 from 57.1 the month before." "Separately, data showed construction spending rebounded strongly to hit its highest level in more than 5-1/2 years in July as private construction increased and state and local government outlays surged, a further sign of vigor in the economy.

Construction spending increased 1.8 percent to an annual rate of $981.31 billion, the highest level since December 2008"

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