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.