The ISM Manufacturing Index increased to 56.9 in October, following a decrease to 54.4 in September from the 56.3 level in August. The index indicated growth for the 18th consecutive month in the overall economy, as well as expansion in the manufacturing sector for the 15th consecutive month.
Construction Spending increased by 0.5% to $ 801.7 billion during September, against the expected 0.4% decrease, after increasing by 0.5% in August, revised upwards from a 0.4% increase. Year over year, construction spending had declined by 10.4% from the September 2009 estimate of $894.8 billion.
Upcoming Releases
Factory Orders (11/03 at 10.00 AM EST)
ISM Services Index (11/03 at 10.00 AM EST)
Crude Inventories (11/03 at 10.30 AM EST)
Initial Claims (11/04 at 8.30 AM EST)
