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Two More Big Economic Reports Are Coming Out Today

Two More Big Economic Reports Are Coming Out Today

Quick heads up. Two more economic reports are coming out today.

From Nomura:

US ISM Manufacturing: The ISM manufacturing index increased for a third straight month in February. In March, financial conditions remained supportive, but regional surveys of manufacturing sentiment have been mixed -- the Empire State manufacturing index declined slightly, while the Philly Fed survey entered positive territory for the first time this year. These results lead us to forecast a nearly unchanged reading in the ISM manufacturing index at 54.1 in March from 54.2 in February (10:00 EDT, Consensus: 54.0).

US Construction spending: After increasing for most of 2012, construction spending declined by 2.1% m-o-m in January. Consensus expects a month-over-month increase of 1.0% in construction spending in February (10:00 EDT).

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