Halister News

(Bloomberg) -- Revised 2Q gross domestic product seen at +1.3% vs prior +1.1% (forecast range +0.9% to +1.7%); data track value of all goods and services produced in U.S.

• Initial jobless claims seen at 260k in wk ended Sept. 24 vs 252k prior wk (forecast range 250k to 275k); represents inflow of workers receiving benefits
• Advance merchandise trade balance seen at -$62.2b in Aug. vs -$58.8b in July (forecast range -$59b to -$64b); data on trade in goods and services due Oct. 5
• Wholesale inventories seen unchanged in Aug. for second month in row (forecast range -0.3% to +0.3%); wholesale inventories account for ~30% of total business inventories