U.S. Economic News

June 1, 2020

U.S. Economic Indicators

The ISM Manufacturing Index rose 1.6 points to 43.1 in May, indicating continued contraction in the manufacturing sector but at a slower rate than last month. The Employment Index rose 4.6 points to 32.1, while the New Orders Index rose 4.7 points to 31.8. ISM Report

Construction spending decreased 2.9% in April to an annualized rate of $1.35 trillion. Private construction fell 3.0% and public construction fell 2.5%. Census Bureau Report

U.S. News

A recent poll by the Washington Post found that a majority of Americans still favor controlling the spread of the coronavirus over restarting the economy – an indication that the virus remains a serious concern even as states move to lift stay-at-home restrictions. Americans remain starkly divided, however, on their level of comfort with resuming normal activities and personal fears about the virus, with sharp divisions by political party, race, and gender. WaPo