HALISTER1: U.S. ECO PREVIEW: ISM Factory, Construction Due in 5 Minutes

U.S. ECO PREVIEW: ISM Factory, Construction Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s ISM manufacturing and construction spending releases, as compiled by Bloomberg News:
  • ISM Manu 55; range 53.2 to 56.5 (78 estimates)
  • ISM Prices 65.5; range 60 to 67 (6 estimates)
    • In Dec., the ISM factory index registered its highest reading in five months
    • "We expect the production and new orders sub-gauges to have been little changed from December and also look for a rise in the inventories sub-gauge. However, the employment component may have pulled back modestly:" Kevin Cummins and Michelle Girard, economists at Natwest Markets
  • Const. Spend 0.2% m/m; range -0.6% to 0.8% (44 estimates)
    • Data could "imply revisions" to 4Q GDP: Bloomberg Intelligence
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Kevin Cummins (RBS Securities Inc)
Michelle C Girard (RBS Securities Inc)

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