HALISTER1: U.S. ECO PREVIEW: Business Inventories/Mich. Sentiment at 10am

U.S. ECO PREVIEW: Business Inventories/Mich. Sentiment at 10am

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Business Inv. 0.2% m/m; range 0.1% to 0.3% (32 estimates)
    • “The inventory-to-sales ratio edged up to 1.38 in June, the highest since November (1.39). Another gain could signal that the underlying pace of sales is not sufficient to draw down rising stockpiles”: Bloomberg Intelligence
  • U. Mich Conf 95; range 87.5 to 102.8 (60 estimates)
  • U. Mich Curr 108; range 101 to 109 (3 estimates)
  • U. Mich Exp 83; range 79 to 86 (3 estimates)
    • Preliminary September data will probably “show a steep decline due to Hurricane Harvey and in anticipation of Hurricane Irma”: Bloomberg Intelligence ** In August, the index rose to 96.8, the highest in three months
To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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