U.S. ECO PREVIEW: ISM Mfg, Construction Due in 5 Minutes
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:
Alert: HALISTER1- ISM Manu 56.2; range 55 to 58.5 (80 estimates)
- ISM Prices 68; range 64 to 69.5 (7 estimates)
- "Will be challenging to sustain these recent gains unless economic growth witnesses a material, sustained improvement relatively soon": Bloomberg Intelligence
- In January, ISM factory index rose for fifth consecutive month; reading of 56 was highest since November 2014; sub-indexes tracking orders and production also highest since November 2014
- Const. Spend 0.6% m/m; range 0% to 1% (46 estimates)
- "Weaker housing demand has been reflected in the Fed’s latest loan officer survey, a drop in mortgage applications, reduced home sales and housing starts at the beginning of the year": Bloomberg Intelligence
- Construction spending dropped in December for first time in three months
Source: BFW (Bloomberg First Word)
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UUID: 7947283