US: Non-manufacturing index likely to firm in November – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are expecting the mild decline in the US non-manufacturing index, largely reflecting the recent moderation in consumer spending.

Key Quotes

“Following the surprise to the downside in the manufacturing survey, we look for a modest decline in the non-manufacturing index to a still firm 54.5 in November following last month's 2pt gain to 54.7.”

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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