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

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

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • ISM Manu 56.5; range 49.9 to 58.9 (74 estimates)
    • “The ISM is a sentiment index, and like most of those measures has overstated the underlying trend in actual activity. Since the election, the ISM has averaged 55.8, firmly in expansionary territory. Meanwhile the average pace of manufacturing output during that time has been a lowly 0.9%”: Bloomberg Intelligence
  • Const. Spend 0.5% m/m; range -1.5% to 1% (44 estimates)
    • In June, construction spending dropped 1.3 percent, the second decline in three months
  • U. Mich Conf 97.4; range 94.2 to 98 (50 estimates)
    • The preliminary August index rose to 97.6, the highest reading since January
To contact the reporters on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Marco Babic

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