US: ISM manufacturing index to decline modestly in August – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are looking for the US ISM manufacturing index to decline modestly to 51.0 in August from 51.2 before, as they expect the back-and-forth in trade retaliations to have maintained the outlook for manufacturing subdued.

Key Quotes

“The message from the ISM-adjusted regional surveys was mixed, with the average of the indices supporting our view for a largely unchanged print.”

“Other data was also mixed, as recent firm growth in core durable goods orders suggest some upside, while a weak Markit PMI survey increases the odds for a downside surprise in August.”

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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