US: Chicago PMI likely to decline modestly to 50.0 in September – TD Securities

Sandeep Kanihama FXStreet Contributor

In view of analysts at TD Securities, the Chicago PMI is expected to let off some steam in September in the upcoming US session, declining modestly to 50.0 following the strong 6pt jump to 50.4 in August.

Key Quotes

“This would suggest some stabilization in manufacturing activities for the region, supporting our view for a better ISM manufacturing figure in September (TD: 50.8).”

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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