US: ADP employment and ISM non-manufacturing index in focus – TD Securities

Sandeep Kanihama FXStreet Contributor

According to TD Securities analysts, the release of the ADP report should give us the first look at employment data for August, with the consensus expecting a 148k print, somewhat below the 156k registered in July.

Key Quotes

“The ISM non-manufacturing index is expected to advance modestly to 54.0 in August following two consecutive declines that have led the index to 53.7 — the lowest since 2016. This would come on the heels of a sharply lower ISM manufacturing print for August and would suggest the services sector remains largely healthy despite the worsening outlook for the industrial sector.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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