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Nomura economists led by Lewis......>

US DATA PREVIEW
US DATA PREVIEW: Nomura economists led by Lewis Alexander forecasts on today's
10am ET ISM Non-Nanufacturing index "a slight increase to 56.2 for the ISM
non-manufacturing index for September (Consensus: 55.5). Regional business
surveys have shown sustained optimism so far during the month."
- "They cited "some downside risks to our forecast" as "weaker-than-expected
retail sales in August could somewhat dampen non-manufacturer sentiment in
September. Moreover, the supply chain and other business disruptions from
Hurricanes Harvey and Irma could have some negative effect on sentiment during
the month."
- But still "the 6-month average of the ISM non-manufacturing survey has
consistently been above 56.0 for the past 7n months, highlighting solid domestic
demand in recent months," they said. "We expect non-manufacturing businesses to
maintain a favorable business outlook in the near term."

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