HALISTER1: U.S. ECO PREVIEW: UMich, Business Inventories Due in 5 Minutes

U.S. ECO PREVIEW: UMich, Business Inventories Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Business Inv. 0.2% m/m; range 0.1% to 0.4% (33 estimates)
    • February’s inventory-to-sales ratio of 1.35 matched December and January, the lowest since December 2014
  • U. Mich Conf 97; range 94.9 to 100 (64 estimates)
  • U. Mich Curr 113; range 111.5 to 113.3 (3 estimates)
  • U. Mich Exp 87.8; range 87.5 to 89 (3 estimates)
    • "A tug-of-war between Democratic and Republican survey respondents reflects a record partisan divide underneath recent optimistic sentiment: Democratic respondents expect a recession, while the Republicans foresee robust economic performance": Bloomberg Intelligence

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