US: ISM non-manufacturing to print 59.3 in October - Nomura
|Analysts at Nomura expect a slight moderation in the US ISM nonmanufacturing index for October to 59.3 from 61.6.
Key Quotes
“The strong jump in the ISM nonmanufacturing index in September was unexpected and was coupled with a broad-based improvement in the sub-indices. While we think domestic demand remains strong, concerns about skilled labor shortages and the impact of tariffs on input costs, especially for construction and mining sectors, remain.”
“Non-manufacturing sentiment will likely remain robust in Q4, but it will likely stabilize as economic growth gradually slows after the acceleration in recent quarters.”
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.