Construction Spending Weak.

Redbook Chain Store Sales (week ended 10/29/2016)

– Store Sales year/year +0.6%. Previous was +0.3%

 
PMI Manufacturing Index (October 2016)

– level 53.4. Previous was 51.5

 
ISM Manufacturing Index (October 2016)

– ISM Manufacturing Index 51.9. Previous was 51.5

 

 
Construction Spending (September 2016)

– Construction Spending month/month -0.4%. Previous was -0.5%
– Construction Spending year/year -0.2%. Previous was -0.3%.

This is the first time since December 2012 that we had consecutive months of decline in construction spending. It is also the first time since 2011 that year-on-year Construction Spending
has declined.