If there is a government shutdown, the August construction spending report might not be released on Tuesday (it is probably already prepared, so it might be released even with a shutdown). The remaining reports Tuesday are all from private sources.
Tuesday:
• Early, Reis Q3 2013 Apartment Survey of rents and vacancy rates.
• At 9:00 AM ET, the Markit US PMI Manufacturing Index for September. The consensus is for the index to decrease to 52.9 from 53.1 in August.
• At 10:00 AM, the ISM Manufacturing Index for September. The consensus is for a decrease to 55.0 from 55.7 in August. The ISM manufacturing index was at 55.7% in August. The employment index was at 53.3%, and the new orders index was at 63.2%.
• Also at 10:00 AM, Construction Spending for August. The consensus is for a 0.4% increase in construction spending.
• At around 2:00 PM ET, Light vehicle sales for September will be released all day. The consensus is for light vehicle sales to decrease to 15.8 million SAAR in September (Seasonally Adjusted Annual Rate) from 16.0 million SAAR in August. I will post an estimate of September SAAR around 2 PM ET.
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