Today's Economic Data Highlights
A light day, with only the ISM nonmanufacturing index this morning and the weekly confidence survey later in the afternoon….
10:00: ISM nonmfg index for Sep…consolidation? This index has been a bit quicker than its manufacturing cousin to show a slowing in growth, having dropped nearly 3 points in August. Our forecast is for this deceleration to consolidate around this level. The employment index slipped back into contraction territory last month, and while we don’t forecast it specifically we would not be surprised to see it stay there.
GS: 52; median forecast (of 75): 52, ranging from 50 to 53.3; last 51.5.
17:00: ABC consumer comfort index…It edged up one point last week, to -45.
From Goldman Sachs