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Afternoon Note

Manufacturing Renaissance Continues

By Charles Payne, CEO & Principal Analyst
2/1/2018 1:32 PM
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More great news on manufacturing as the ISM report pulled back only slightly from that record December read coming in at 59.1, well above consensus of 58.6.  

ISM Manufacturing January 2018

Construction Spending

Call it the construction spending boom, as overall spending hit a record $41.25 trillion in December paced by record private sector spending of $963.2 billion. 

Private Sector

Construction was powered by residential building, which cannot keep up with demand. 


 

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