HALISTER1: U.S. ECO PREVIEW: ISM Mfg., Const. Spending Due in 5 Minutes

U.S. ECO PREVIEW: ISM Mfg., Const. Spending Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • ISM Manu 57.2; range 55 to 61 (77 estimates)
  • ISM Prices 66; range 64 to 69 (6 estimates)
    • In February, the ISM index advanced to 57.7, the highest since August 2014, with manufacturers reporting improved orders and production
    • The index "still stands below post-crisis highs and has room to run in our view following its retrenchment since the oil shock": TD Securities
  • Const. Spend 1% m/m; range -0.5% to 2% (45 estimates)
    • In January, construction spending declined for the first time in four months, falling 1 percent

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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