- An index of U.S. manufacturing growth fell for the third straight month from 55.6 to 54.8 in January, the Institute for Supply Management reported Wednesday.
- Construction spending rose a full 1% in December, the sixth straight increase, the Commerce Department reported.
- The unemployment rate in the Euro zone increased from 8.3% to 8.4% in December. For the EU-25, the unemployment rate was unchanged at 8.5%.
- The U.S. Department of Energy said that :
Supplies of crude oil were up 1.9 million barrels to 321.0 million barrels.
Supplies of unleaded gasoline were up 4.2 million barrels
Supplies of heating oil were up 1.8 million barrels.
The bearish U.S. inventory data triggered a 2% drop in crude-oil prices and a more than 6% tumble in natural-gas futures.
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