Economic Events on January 3, 2011

At 10:00 AM EST, the Construction Spending report for November will be released, and the consensus is that there will an increase of 0.1% in spending compared to the previous month.

Also at 10:00 AM EST, the ISM manufacturing index for December will be released.  The consensus estimate is that it increased 0.6 points last month to a value of 57.2, and will continue to signal economic growth as it remains above the mid-point of 50.

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