Back
4 Jan 2016
US: ISM manufacturing index likely to take a dip – TDS
FXStreet (Delhi) – Research Team at TDS, is looking for the US headline ISM manufacturing index to fall further in December.
Key Quotes
“It expects the number to drop from 48.6 to 48.1 – the lowest level on this indicator since the recession and against consensus looking for a half point rise. The decline in the index is consistent with the souring tone in the wide array of regional PMIs. We look for the key forward-looking indicators such as new orders, employment and order backlog to point to a weaker outlook, as well – especially given the lagged effects of the higher dollar.”
Key Quotes
“It expects the number to drop from 48.6 to 48.1 – the lowest level on this indicator since the recession and against consensus looking for a half point rise. The decline in the index is consistent with the souring tone in the wide array of regional PMIs. We look for the key forward-looking indicators such as new orders, employment and order backlog to point to a weaker outlook, as well – especially given the lagged effects of the higher dollar.”