A key leading indicator for non-residential construction spending held steady in August after a solid bump in July. The August Dodge Momentum Index came in at 282, down slightly from 283 in July and down from 294.7 last August.
Economic activity from the manufacturing sector expanded in August, now climbing for the eighth consecutive month.
New orders for manufactured durable goods were strong in July, climbing 1.1% to a $339.3 billion rate. Juuly marked the fourth increase in the last five months.
Business activity from the manufacturing sector in the New York region grew strongly in August after a strong boost in July. The August Empire Manufacturing Index came in at 20.6, up from 15.6 in July and is at its highest reading in more than four years.
