Total vehicle sales increased 1.0% in February to a 15.34 million annual rate. Personal income increased 0.3% in January, and consumer spending rose 0.4%. The ISM manufacturing index increased 1.9 points to a higher-than-expected 53.2 in February. Construction spending increased 0.1% in January. The ISM services index fell 2.4 points to 51.6 for February. Productivity rose 1.8% in the 4th quarter of 2013. Factory orders fell 0.7% in January. The economy added 175,000 nonfarm payroll jobs in February, and the unemployment rate ticked up to 6.7%. The U.S. trade deficit widened slightly by $0.1 billion to $39.1 billion for January. Consumer credit increased $13.70 billion (0.4%) in January to $3.112 trillion. Initial jobless claims fell 26,000 to 323,000 for the week ended 3/1.

• Total vehicle sales increased 1.0% in February to a 15.34 million annual rate. The annual rate remains unchanged from a year ago.

• Personal income increased 0.3% in January, and consumer spending rose 0.4%. Year-over-year, personal income is up 4.1% and consumer spending is up 3.5%.

• The ISM manufacturing index increased 1.9 points to a higher-than-expected 53.2 in February.

• Construction spending increased 0.1% in January. From a year ago, spending is up 9.3%.

• The ISM services index fell 2.4 points to 51.6 for February. This is the lowest monthly rate of growth since February 2010.

• Productivity rose 1.8% in the 4th quarter of 2013. Unit labor costs fell an annualized 0.1%.

• Factory orders fell 0.7% in January.

• The economy added 175,000 nonfarm payroll jobs in February, and the unemployment rate ticked up to 6.7%. Private payrolls grew by 162,000. Weather may have played a factor in the reference periods for the surveys. The net revision for the prior two months was up 25,000. Labor force participation remained unchanged at 63.0%, and the employment to population ratio remained unchanged as well at 58.8%. Long-term unemployed rose 203,000 to 3.8 million, comprising 37% of the unemployed.

• The U.S. trade deficit widened slightly by $0.1 billion to $39.1 billion for January. Exports were up 0.6% and imports were up 0.6% as well.

• Consumer credit increased $13.70 billion (0.4%) in January to $3.112 trillion. Revolving credit (i.e., credit cards) was essentially unchanged while non-revolving credit (i.e., auto loans) increased 0.6%.

• Initial jobless claims fell 26,000 to 323,000 for the week ended March 1st.