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TGF Master Political Thread


KingRevolver
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Construction spending in July came in below consensus expectations. The value of construction put in place increased 0.1% from June compared with the consensus expectations for a 0.3% gain. Private residential construction was the primary driver, rising 0.6% from the prior month. Total nonresidential construction remained a drag for the third consecutive month, declining 0.3%. Meanwhile, public construction spending rose 0.4%. Total construction spending continues to exhibit signs of slowing and is now 2.7% below its year-ago level.

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For the first time since the end of the energy rout, the U.S. manufacturing sector is contracting. The ISM manufacturing index fell from 51.2 in July to 49.1 in August, the lowest reading since January 2016 and below the 50 threshold that is consistent with expansion. The details were generally downbeat. The new orders, production and employment indexes all slipped below 50. The supplier deliveries index also declined, but this is an improvement that indicates a softer slowdown in deliveries. The inventories index increased slightly but also remained below the 50 threshold. The good news is that the ISM manufacturing index remains well above its recession threshold of 42.9.

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Construction spending in July came in below consensus expectations. The value of construction put in place increased 0.1% from June compared with the consensus expectations for a 0.3% gain. Private residential construction was the primary driver, rising 0.6% from the prior month. Total nonresidential construction remained a drag for the third consecutive month, declining 0.3%. Meanwhile, public construction spending rose 0.4%. Total construction spending continues to exhibit signs of slowing and is now 2.7% below its year-ago level.

In Canada??? Unbelievable
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For the first time since the end of the energy rout, the U.S. manufacturing sector is contracting. The ISM manufacturing index fell from 51.2 in July to 49.1 in August, the lowest reading since January 2016 and below the 50 threshold that is consistent with expansion. The details were generally downbeat. The new orders, production and employment indexes all slipped below 50. The supplier deliveries index also declined, but this is an improvement that indicates a softer slowdown in deliveries. The inventories index increased slightly but also remained below the 50 threshold. The good news is that the ISM manufacturing index remains well above its recession threshold of 42.9.

It’s our WW 2, I blame the cows.

 

- AOC

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  • rdalert447 changed the title to Why is Every Liberal at TGF So Angry?
  • Jimmy Hoffa changed the title to TGF Master Political Thread

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