US: Production and housing data in focus - TDS
|In view of the analysts at TDS, March housing starts of US are expected to slow to an annualized 1260k, which would unwind last month’s 3% gain and leave residential construction at a similar pace to January.
Key Quotes
“Building permits are expected to rebound by 2.8% in March to a similar 1253k. Industrial production for March released later in the morning; the market looks for +0.5% m/m, with colder weather implying a pickup in utilities output. However, manufacturing production is expected to remain unchanged from February.”
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