The ISM Manufacturing Index is expected to increase to 55.4 in tomorrow’s update for July—a marginal gain vs. the previous month, based on The Capital Spectator’s median econometric point forecast.
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Tomorrow’s update on US personal consumption spending for June is expected to report a gain of 0.3% vs. the previous month, based on The Capital Spectator’s median econometric point forecast. That’s slightly higher than the reported 0.2% rise for May.
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Private nonfarm payrolls in the US are projected to increase 232,000 (seasonally adjusted) in tomorrow’s July update from the Labor Department, according to The Capital Spectator’s median econometric point forecast. The expected monthly rise is well below the previously reported increase of 262,000 for June.
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