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Free AccessUS Data: Highlights of Market Survey of Economic Forecasts
Repeats Story Initially Transmitted at 21:06 GMT Apr 30/17:06 EST Apr 30
WASHINGTON (MNI) - The following are highlights of forecasts for upcoming
U.S. economic indicators provided by Bloomberg. The comment section presents the
key elements behind the median forecasts.
ISM Manufacturing Index (index)
Friday, May 1 at 10:00am ET
Actual
Median Apr20 Mar20 Feb20
Activity Index 36.0 -- 49.1 50.1
Comments: The ISM manufacturing index is expected to drop to 36.0,
deepening its fall into contractionary territory amid nation-wide shutdowns and
global supply chain disruptions. This would mark the lowest reading since
December 2008, during the global financial crisis, when the index reached 34.5.
Construction Spending (percentage change)
Friday, May 1 at 10:00 ET
Actual
Median Mar20 Feb20 Jan20
Total Spending -3.5% -- -1.3% +2.8%
Comments: Construction spending for March is expected to show a -3.5% m/m
drop, which would be the largest decrease since January 2011 when spending fell
-3.8%.
--MNI Washington Bureau; +1 202 371 2121; email: ryan.hauser@marketnews.com
[TOPICS: MTABLE]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.