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Automakers Post Strong Sales in August
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FBN’s Adam Shapiro breaks down the stories moving the markets.
- Duration 0:56
- Date Sep 4, 2012
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FBN’s Adam Shapiro breaks down the stories moving the markets.
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-- Adam Shapiro.
This brings factory activity shrank for a third straight month in August his new orders production and employment all fell.
The institute for supply management's index fell short of estimates with a reading.
The 49 point six the index's employment component also dropped to its lowest level since November 2009.
Construction spending fell in July from June by the largest amount in -- year according to the Commerce Department spending slipped nine tenths of a percent.
US auto makers read that strong sales in August sales for General Motors were -- 10% on a year over year basis -- Rebounded from a 4 July with sales up 13% last month compared to a year ago.
And Chrysler topped estimates as sales rose 14% from last year marking that company's best August sales in five years.
That's the latest from the Fox Business Network always giving you the -- of crops.