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The number:52.7 still shows growth, but it’s weaker than the 53.5 analysts had expected.
It’s also down from 53.3 last month.
Stocks have actually turned up on the news… obviously people were worried that it might have been a lot worse.
Meanwhile, factory orders fell 0.8% in June, right as expected.
Original post: Last big datapoint of the day…
After Monday’s bad ISM manufacturing report, here comes ISM non-manufacturing.
Analysts are looking for 53.5 vs. 53.3 last month.
Like with all data right now, the “whisper” is almost certainly lower, and an in-line reading would be a relief.
The number comes out at 10:00 AM.