Perhaps the most important factor in the report was the 48, 000 increase in construction spending.
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Monday : The economic calendar kicks off with construction spending and pending home sales on Monday.
Construction Spending unexpectedly slipped in January versus the consensus forecast of economists for another increase.
Construction spending has improved at least for the last 4 months, averaging a 1.675% monthly expansion.
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However, recent data shows that construction spending in the US has been a bit sluggish.
Investors are waiting for the release of U.S. manufacturing figures for March and construction spending for February.
The PMI Manufacturing Index and ISM Manufacturing Index are both out on Monday, along with construction spending.
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For example, construction spending came down 1.4% in February to the lowest spending level in eleven years.
U.S. economic data due for release Monday includes construction spending, the ISM manufacturing report and domestic auto sales.
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Thursday will feature the August ISM manufacturing survey, July construction spending, and the first revision to second-quarter productivity.
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On the still worsening side were the further declines in construction spending, and in the Chicago Purchasing Managers Index.
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Also out on Monday is construction spending, followed on Tuesday by factory orders.
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Private construction spending is at its highest level in more than two years.
There are some other reports as well, with the ISM Manufacturing Index and Construction Spending set for release on Monday.
In addition, the New York Times reported that construction spending is sitting at its highest level in 20 months.
U.S. economic data due for release Monday includes the U.S. manufacturing PMI, construction spending and the ISM manufacturing report on business.
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The Commerce Department said construction spending fell 1.7 percent in March compared with February, as government spending cuts impacted some projects.
Finally, just before the long weekend, we get consumer sentiment, the ISM Manufacturing Index and the monthly reading on construction spending.
On Monday, the U.S. Commerce Department reported that construction spending fell only 0.3% in September, better than the expected 0.8% decline.
This is the sixth consecutive monthly decline for construction spending, which is now at the lowest level in more than a decade.
U.S. economic data due for release Thursday includes the weekly jobless claims report, the ISM manufacturing report, construction spending and domestic auto sales.
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The August ISM manufacturing survey, the August ADP Employment Report, July construction spending and August auto sales data will be published on Wednesday.
The Institute for Supply Management reported growth in the manufacturing sector and the Commerce Department reported a surprise September increase for construction spending.
But the weakness in non-residential construction spending in Europe and North America has impacted growth from Asia in the building-related businesses of the company.
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The market showed a few signs of life earlier, after readings on manufacturing and construction spending posted slight improvements, but the optimism was short-lived.
U.S. economic data due for release Monday includes the U.S. manufacturing PMI, the ISM report on business, construction spending and the global manufacturing PMI.
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Industry leaders also worry about the future impact of cutbacks to public construction spending and construction materials costs that have been outstripping building bid prices.
But private construction spending on commercial projects fell for the fourth month in a row, and spending on manufacturing construction declined for a third month.
U.S. economic data due for release Tuesday includes the weekly Johnson Redbook and Goldman Sachs retail sales reports, construction spending and the ISM manufacturing report.
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On Feb. 1, market watchers turned their attention to construction spending.
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