Economic Events on July 2, 2012

At 10:00 AM Eastern time, the Construction Spending report for May will be released, and the consensus is that there was an increase of 0.2% in spending compared to the previous month.

Also at 10:00 AM Eastern time, the ISM manufacturing index for June will be released.  The consensus estimate is that it decreased 1.5 points last month to a value of 52.0, and will still signal economic growth as it stays above the mid-point of 50.

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