U.S. Economic News
February 1, 2021
U.S. Economic Indicators
The ISM Manufacturing Index fell 1.8 points to 58.7 in January, indicating industry expansion, though at a slower rate than the prior month. The Employment Index rose 0.9 points to 52.6, while the New Orders Index fell 6.4 points to 61.1. ISM Report
Construction spending rose 1.0% in December to an annualized rate of $1.49 trillion. Private construction rose 1.2% while public construction ticked up 0.5%. Census Bureau Report