The ISM Manufacturing Index decreased to 56.6 in November, following an increase to 56.9 in October from the 54.4 level in September. The index indicated growth for the 19th consecutive month in the overall economy, as well as expansion in the manufacturing sector for the 16th consecutive month.
Construction Spending increased by 0.7% to $ 802.3 billion during October, against the expected 0.3% decrease, after increasing by 0.5% in September, revised upwards from a 0.4% decrease. Year over year, construction spending had declined by 9.3% from the October 2009 estimate of $884.7 billion.
Crude inventories increased by 1.1 million barrels, for the week ending November 26, from the previous week to 359.7 million barrels and were above the upper limit of the average range for this time of year. U.S. crude oil refinery inputs averaged 14.1 million barrels per day during this period, 170 thousand barrels per day below the previous week’s average. U.S. crude oil imports were averaging 8.4 million barrels per day, down by 578 thousand barrels per day from the previous week.
Upcoming Releases
Fed’s Beige Book (12/01 at 2:00 PM EST)
Initial Claims (12/02 at 8:30 AM EST)
Pending Home Sales (12/02 at 10:00 AM EST)
Unemployment Rate (12/03 at 8:30 AM EST)
