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Chrysler Reports Best April Sales in 4 Years
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FBN's Robert Gray breaks down late-morning market news.
- Duration 0:58
- Date May 1, 2012
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FBN's Robert Gray breaks down late-morning market news.
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I'm Robert Gray with your Fox Business -- All three Detroit automakers our variable sales figures General Motors is down 8% compared to the same time last year.
But the company is raising its forecast for industrywide auto sales this year to more than fourteen million vehicles.
-- -- sales were also down 5% but Chrysler reported its best April in four years with sales jumping 20% from a year ago.
The manufacturing sector last month expanded at its fastest pace in nearly a year of the institute for supply managers' index posted a better than expected reading of 54 point eight.
A measure of employment also hit a nine month high.
And construction spending in March rose for the first time in three months but while spending was up 110 of 1% that month.
February's number was revised lower.
And that as the latest from the Fox Business Network giving you the power to prosper.