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US: Preliminary Manufacturing PMI to give a glimpse of aggregate manufacturing activity - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at TDS, suggests that the Preliminary Markit Manufacturing PMI for January will give us a glimpse of aggregate manufacturing activity in the US before the more important ISM measure is released in two weeks.

    Key Quotes

    “TD looks for a reading of 51.0, largely unchanged from December’s 51.2 (consensus: 51.0). Existing home sales for December are due out at 10:00 ET; TD looks for sales to bounce back 13% m/m after plunging in November. This has been chalked up as a temporary effect due a change in regulation that delayed closing dates. The market consensus is for a 9.2% rebound.”
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