Construction Spending fell by 0.6% to $884.1 billion during January, matching expectations. Year over year, construction spending had declined by 9.3% from the January 2009 estimate of $974.3 billion.
The ISM Manufacturing Index decreased to 56.5 in February, following an increase to 58.4 in January from the 54.9 level in December. The index indicated growth for the 10th consecutive month in the overall economy, as well as expansion in the manufacturing sector for the seventh consecutive month.
Upcoming Releases
ISM Services Index (03/03 at 10:00 AM EST)
Crude Inventories (03/03 at 10:30 AM EST)
Fed’s Beige Book (03/03 at 2:00 PM EST)
Initial Claims (03/04 at 8:30 AM EST)
Crude Inventories (03/03 at 10:30 AM EST)
Fed’s Beige Book (03/03 at 2:00 PM EST)
Initial Claims (03/04 at 8:30 AM EST)
