U.S. ECO PREVIEW: ISM Mfg, Construction 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 54.8; range 52.5 to 56.8 (74 estimates)
- ISM Prices 67; range 62 to 69.5 (7 estimates)
- The ISM index signaled slower growth in March and April amid a pullback in factory orders
- "There may be room for further moderation in the headline in the near term": Bloomberg Intelligence
- Even so, the index remains above last year’s average
- Const. Spend 0.5% m/m; range -0.4% to 1% (41 estimates)
- Construction spending could "take a breather" in the second quarter after first-quarter growth led by residential projects; recent gains in the energy sector "not likely to be sustained": Bloomberg Intelligence
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283