Our final estimate for the upcoming manufacturing ISM index is 51.0. Unlike August's 49.6, it appears the September number will indicate some expansion within manufacturing. We note that as the regional surveys released by several federal reserve banks showed, overall manufacturing remains a mixed bag of improvements and continuing decline. We are still unaware of what the consensus for manufacturing ISM is. The official ISM report will be released on Monday (10/1) at 10AM (ET).
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