HALISTER1: U.S. ECO PREVIEW: ISM Non-Manuf., Factory Orders Due in 5 Min.

U.S. ECO PREVIEW: ISM Non-Manuf., Factory Orders Due in 5 Min.

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Factory Orders 1.2% m/m; range 0.5% to 2.3% (50 estimates)
  • Durables 2.1% m/m; range 0.2% to 2.2% (4 estimates)
    • Recent strength in manufacturing “is a function of a weaker dollar and some expedited demand for goods amid the post- storm reconstruction effort”: Bloomberg Intelligence
  • Ism Non-Manu 58.5; range 56 to 60.5 (71 estimates)
    • In September, the ISM non- manufacturing advanced to 59.8, the highest since August 2005
    • That "spike seems unsustainable” as services expanded in the third quarter at the slowest pace in four years: Bloomberg Intelligence
To contact the reporters on this story: Alex Tanzi in Washington at atanzi@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 Kristy Scheuble

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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