Two More Big Economic Reports Are Coming Out Today

rockaways march 2013 boardwalk construction post sandy relief and recovery

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).

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at