US: ISM non-manufacturing index likely to rebound to 53.7 in October – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are looking for a modest rebound in the US ISM non-manufacturing index to 53.7 following the drop to a three-year low in September.

Key Quotes

“We expect the services sector to have improved in October on the back of a solid US consumer. Service sector surveys suggest small gains during the month, while consumer spending has continued to prove resilient.”

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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