US: Industrial production to retreat again in December – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities suggest that following a 1.1% MoM rebound, they are looking for the US industrial production to retreat again, posting a -0.5% decline for Dec.

Key Quotes

“We expect weakness in utilities, to a larger extent, and manufacturing to drive production lower during the month.”

“We also forecast a small decline in housing starts to 1,360k in Dec (from 1,380k), while we look for UMich's consumer sentiment index to improve to 100.5 for Jan's preliminary release (from 99.3).”

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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