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US inflation and manufacturing to take Centre stage - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at BBH, suggest that US inflation and manufacturing data are likely to be the key events for the current week.

    Key Quotes

    “It is widely appreciated that the price pressures are modest at best. Core CPI is expected to remain unchanged at 1.8% year-over-year. The weakening of the US industrial sector has been seen the entire year, and it appears to have continued into September. Industrial output is expected to have fallen 0.3% for the second month in a row. It would have fallen in seven of the first nine months this year.”

    “Manufacturing is holding up only slightly better. A 0.2% decline in September would also be the second consecutive drop. It would have fallen in six of nine months this year. This reflects the painful adjustment in the energy sector and weaker foreign demand. Weaker foreign demand has two components, and it is difficult to separate the two: exchange rates and weak growth abroad.”
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