Construction Spending fell by 1.3% to $846.2 billion during February, beating the expected decrease of 1.1%, after falling by 1.4% in January. Year over year, construction spending had declined by 12.8% from the February 2009 estimate of $970.4 billion.

The ISM Manufacturing Index increased to 59.6 in March, following a decrease to 56.5 in February from the 58.4 level in January. The index indicated growth for the 11th consecutive month in the overall economy, as well as expansion in the manufacturing sector for the eighth consecutive month.

 
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