U.S. ECO PREVIEW: ISM Mfg, Constr. Spending Due in 5 Minutes
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
- ISM Manu 56.5; range 55 to 58 (70 estimates)
- Consensus projects a slight cooling in the headline ISM Index in April, to 56.5 from 57.2 in the previous month, which is consistent with recent trends in the regional Fed measures, where all five of the headline indexes posted declines. -- Bloomberg Intelligence
- ISM Prices 67.5; range 66 to 69.5 (7 estimates)
- March prices-paid index was the highest since May 2011
- Const. Spend 0.4% m/m; range -0.8% to 0.9% (45 estimates)
- Spending surged in Feb. after two consecutive monthly declines
- Solid housing demand amid low mortgage rates boosted new construction, especially as warmer-than-usual weather allowed for an earlier start of the spring building season. -- Bloomberg Intelligence
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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To modify this alert, click here
UUID: 7947283