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May Nonmfg ISM Preview - 10:00 EDT/15:00....>

US DATA
US DATA: May Nonmfg ISM Preview - 10:00 EDT/15:00 BST
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- The nonmanufacturing ISM index is expected to fall slightly to 55.4 in May
based on the Bloomberg consensus and to rise slightly to 55.9 based on an MNI
survey of analysts. This follows a decline to 55.5 in April.
- Previously released data have foreshadowed this expected decline. The flash
Markit services estimate fell to 50.9, while the Dallas services reading fell
below the breakeven point to -0.3 and the Richmond Fed services reading fell
sharply to 1 from 26.

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