US: ISM manufacturing index likely to take a dip – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at TDS, is looking for the US headline ISM manufacturing index to fall further in December.

    Key Quotes

    “It expects the number to drop from 48.6 to 48.1 – the lowest level on this indicator since the recession and against consensus looking for a half point rise. The decline in the index is consistent with the souring tone in the wide array of regional PMIs. We look for the key forward-looking indicators such as new orders, employment and order backlog to point to a weaker outlook, as well – especially given the lagged effects of the higher dollar.”
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