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July Manufacturing ISM Preview - 10:00......>

US DATA
US DATA: July Manufacturing ISM Preview - 10:00 EDT/15:00 BST
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- The ISM manufacturing index is expected to rebound to 52.0 in July based on
both the Bloomberg consensus MNI survey of analysts following a dip to 51.7 in
the previous month.
- Regional data were mixed, but soft readings in the Richmond and Chicago data
add some downside risk.
- Additionally, analysts have recently had a tendency to overestimate ISM in
July according to an MNI data preview published on Wednesday, adding more
downside bias to forecasts.

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