This monitor is a reflection of how we update our assessments of economic growth in real-time as we get meaningful updates from macroeconomic data releases; please see here for more details about how to interpret this information.

Bottom Line From Today's Public Data Releases: The ISM Manufacturing Report keeps pointing to a continued slowdown in economic activity and a contraction in the manufacturing output and employment. The bulk of the soft data is showing more of a slowdown in job growth than the "hard" measures of job growth. Meanwhile, construction spending is showing more positive implications for Q1 GDP as cost challenges cool.

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