Manufacturing activity rose to highest in 13 years, construction spending rose, Las Vegas tragedy
October 02, 2017
Manufacturing activity across the U.S. rose to its highest level in 13 years in September due in part to strong order growth and healthy production. The ISM Index surged to 60.8 last month, above the 57.8 expected which was boosted by factory bookings and production as the recovery begins following storms Harvey and Irma. Within the report it showed that news orders, the production index and the employment index all saw healthy gains.
After two straight months of declines, construction spending rose in September buoyed by gains in both the private and public sectors. The Commerce Department reported that construction spending rose 0.5% last month while figures for August were revised lower to -1.2% from -0.6%. The government said that hurricanes Harvey and Irma had little impact on the numbers. Construction spending increased 2.5% from September 2016 to September 2017.
At least 50 people have died and more than 400 injured by the hands of a lone gunmen in Las Vegas around 10:00 p.m. PT time yesterday at a concert at the Mandalay Bay Resort and Casino. The shooter is reported to have taken his own life before police got to him. It is the worst mass shooting in U.S. history. The gunman was identified as Stephen Paddock, 64, of Mesquite, Nevada and is believed to have acted alone.
detail of a construction machine
