- by New Deal democrat
Note: I may not be around for the ISM manufacturing or construction spending reports this morning. If so, I’ll comment later (maybe over the weekend) about them. What I’ll be watching for: as to manufacturing, because the ISM is a diffusion index, it didn’t pick up the big increase in vehicle manufacturing earlier this year. How does that shake out for October (bearing in mind the UAW strilke)? As to construction spending, which typically trends in conjunction with building units under construction, does it hold up, or turn down (signaling a decline in housing construction)?