US: ISM manufacturing index to decline modestly in August – TD Securities
|Analysts at TD Securities are looking for the US ISM manufacturing index to decline modestly to 51.0 in August from 51.2 before, as they expect the back-and-forth in trade retaliations to have maintained the outlook for manufacturing subdued.
Key Quotes
“The message from the ISM-adjusted regional surveys was mixed, with the average of the indices supporting our view for a largely unchanged print.”
“Other data was also mixed, as recent firm growth in core durable goods orders suggest some upside, while a weak Markit PMI survey increases the odds for a downside surprise in August.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.