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US ISM manufacturing index to break out of contractionary territory - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, suggests that the US manufacturing sectors appears to be turning a corner and they expect the ISM manufacturing index to break out of contractionary territory in March.

    Key Quotes

    “However, nonfarm payrolls should slow significantly due to a historical seasonal underperformance in the month of March (employment growth has averaged 150k in last 5 years). The unemployment rate should rise modestly on account of the weak employment growth.”
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