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July 1, 2013

Modestly Positive Fundamentals.

July 1, 2013

Modestly Positive Fundamentals.

PMI Manufacturing Index  (June 2013)

– Index  51.9. Previous was 52.3.

A reading above 40 indicates an economy still growing but the pace of growth is slower.

This is a survey index.

ISM Manufacturing Index  (June 2013)

Index Level 50.9. Previous was 49.0.

The Institute for Supply Management surveys more than 300 manufacturing firms on employment, production, new orders, supplier deliveries, and inventories

Construction Spending  (May 2013)

– Construction Spending Month/Month +0.5%.  Previous was 0.4%.

– Construction Spending Year/Year was +5.4%

This is total construction spending:  residential, commercial and public spending. Spending on the construction of single-family residences was +1.4%.