Economic Events on October 1, 2012

At 10:00 AM Eastern time, the Construction Spending report for August will be released, and the consensus is that there was an increase of 0.6% in spending compared to the previous month.

Also at 10:00 AM Eastern time, the ISM manufacturing index for September will be released.  The consensus estimate is that it increased 0.1 points last month to a value of 49.7, but is not signalling economic growth as it stays below the mid-point of 50.

At 2:30 PM Eastern time, Federal Reserve Chairman Ben Bernanke will give a speech called “Five Questions about the Federal Reserve and Monetary Policy” at the Economic Club of Indiana.

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