Commentary

The Purchasing Managers Index came in at 62.1 for May versus 61.5 for April. The ISM Manufacturing Index was 61.2 for May.

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U.S. Personal Income declined by 13.0% in April, after having been up 20.9% in March. Consumer Spending was up 0.5% for the month.

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The U.S. Index of Leading Economic Indicators was up 1.6% for April 2021, up from +1.3% in March 2021. The National Association of Homebuilders Index was a continued strong level of 83 for May.

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