US: Chicago PMI likely to post a healthy reading of 60.0 for October - Nomura

Analysts at Nomura expect a healthy reading of 60.0 for October Chicago PMI following 60.4 in September.

Key Quotes

“Regional Federal Reserve bank surveys pointed to continued optimism although some surveys indicated slowdown in business expansion. We expect the Chicago PMI to moderate slightly in October but this reading will still be consistent with elevated momentum in the industrial sector activity.”