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Today's Economic Data Docket - The "Other" (Accounting For 70% Of The US Economy) ISM

Tyler Durden's picture
Submitted by Tyler Durden on 07/06/2011 07:15 -0400



 

Quiet day today, with just Challenger layoffs data and the non-manufacturing ISM, which incidentally may be a tad more important as services account fof about 70% of the US economy.
 
7:30: Challenger job cuts (June). Likely still low. Announced layoffs have remained very low in recent months, in contrast with the modest uptick in jobless claims.
 
10:00: ISM non-manufacturing index (June): Small decline. We forecast that the non-manufacturing ISM index declined slightly to 54.0 in June, after a 54.6 in May (and 52.8 in April). Although down from the highs in Q1, this level historically has been consistent with healthy growth in the economy overall.  
GS: 54.0; median forecast (of 70): 53.7; last 54.6. 
 
Source: GS and ZH

 
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Wed, 07/06/2011 - 07:22 | 1428967 Tortfeasor
Tortfeasor's picture

Why no ADP number today?

Wed, 07/06/2011 - 07:38 | 1428977 French Frog
French Frog's picture

tomorrow 8.15 est

probably because of monday 4th july being a bank holiday

Wed, 07/06/2011 - 08:11 | 1429015 Steelpulse
Steelpulse's picture

.

Wed, 07/06/2011 - 09:19 | 1429266 slaughterer
slaughterer's picture

We know what to expect: Headline ISM will be totally falsified. 

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