Quick Economic Update

251732 4297 1 Quick Economic UpdateConstruction Spending Declines in November – Calculated Risk

Through November construction spending has followed the expected script for 2009: a likely bottom for residential construction spending, and a collapse in private non-residential construction.

ISM Manufacturing Index shows Expansion in December – Calculated Risk

PMI at 55.9% in December, from 53.6 in November, and down from 55.7 in October.

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