Mar 10 2014
Total vehicle sales increased 1.0% in February to a 15.34 million annual rate. Personal income increased 0.3% in January, and consumer spending rose 0.4%. The ISM manufacturing index increased 1.9 points to a higher-than-expected 53.2 in February. Construction spending increased 0.1% in January. The ISM services index fell 2.4 points to 51.6 for February. Productivity rose 1.8% in the 4th quarter of 2013. Factory orders fell 0.7% in January. The economy added 175,000 nonfarm payroll jobs in February, and the unemployment rate ticked up to 6.7%. The U.S. trade deficit widened slightly by $0.1 billion to $39.1 billion for January. Consumer credit increased $13.70 billion (0.4%) in January to $3.112 trillion. Initial jobless claims fell 26,000 to 323,000 for the week ended 3/1.