THE BASIS POINT

Residential Construction Flat for 12 months.

 

PMI Manufacturing Index (October 2014)

– Index Level 55.9. Previous was 57.5.

 

ISM Manufacturing Index (October 2014)

– Index Level 59.0. Previous was 56.0.

 

Construction Spending (September 2014)

– Construction Spending month/month -0.2%. Previous was -0.5%.

This is 2 consecutive months of decline.  Residential Construction spending has been flat for a year reflecting the stagnant housing market.

 

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