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The February manufacturing ISM......>

US DATA PREVIEW
US DATA PREVIEW: The February manufacturing ISM reading is scheduled for release
at 10:00 am ET (15:00 GMT) Friday, and is expected to dip to a consensus
estimate of 55.7 from a 56.6 reading in January. 
- The MNI survey sees a slightly lower reading of 55.4. Regional data were mixed
in the month. 
- There is a tendency towards underestimates in February, which have occurred in
each of the last three years and seven of the last 10 yeas, so there is a risk
of an upside surprise.
- Even with a small dip, the index should remain above the 54.3 reading in
December that added to market concerns.

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