Apr 07 2014
Vehicle sales increased 6.9% in March to a higher-than-expected 16.40 million annual rate. The ISM index increased a half-point to 53.7 for March. Construction spending inched up 0.1% in February. Factory orders increased 1.6% in February. The U.S. trade deficit widened $3.2 billion to $42.3 billion in February. The ISM services index rose 1.5 point to 53.1 in March. The economy added 192,000 nonfarm payroll jobs in March while the unemployment rate remained unchanged at 6.7%. Initial jobless claims rose 16,000 to 326,000 for the week ended 3/29.