U.S. ECO PREVIEW: ISM Manufacturing, Construction Due in 5 Mins.
(Bloomberg) -- ISM Manufacturing PMI seen at 52.5 in Nov. vs 51.9 in Oct. (forecast range 51 to 55); readings above 50 signal growth, below 50 contraction.
- Index averaged 51 since start of year vs 51.3 last year; 2015 was weakest year for manufacturing in current expansion
- Construction spending seen rising 0.6% in Oct. after falling 0.4% in Sept. (forecast range 0% to +1.5%); based on value of residential and non-residential projects
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