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2 Jan 2015
Data ahead: US December ISM Manufacturing PMI expected to decline – TDS
FXStreet (Barcelona) - Shaun Osborne and Martin Schwerdtfeger, FX Strategists at TD Securities, preview the data ahead for US and Canada, and anticipate the US December Manufacturing PMI to decline modestly to 56.3 from previous 58.7.
Key Quotes
“The first US indicator of 2015 will be the final Dec print for Markit’s US Manuf PMI, which is seen rising modestly to 54.0 from a preliminary reading of 53.7.”
“Nov Construction Spending will be released at 10.00ET, and the market calls for a 0.4% monthly gain (1.1% prior).”
“The Dec ISM Manuf PMI — also out at 10.00ET — is expected to decline modestly to 56.3 (mkt 57.5) from a particularly strong 58.7 in the prior month, showing some deterioration in momentum but continuing to signal a strong growth handoff into 2015; Prices Paid are expected to fall further to 43.5 (44.5 prior).”
“In Canada, the RBC Manuf PMI for Dec will be released at 9.30ET; there is no market call, Nov came in at 55.3 and the index has been steadily rising since Jan last year.“
Key Quotes
“The first US indicator of 2015 will be the final Dec print for Markit’s US Manuf PMI, which is seen rising modestly to 54.0 from a preliminary reading of 53.7.”
“Nov Construction Spending will be released at 10.00ET, and the market calls for a 0.4% monthly gain (1.1% prior).”
“The Dec ISM Manuf PMI — also out at 10.00ET — is expected to decline modestly to 56.3 (mkt 57.5) from a particularly strong 58.7 in the prior month, showing some deterioration in momentum but continuing to signal a strong growth handoff into 2015; Prices Paid are expected to fall further to 43.5 (44.5 prior).”
“In Canada, the RBC Manuf PMI for Dec will be released at 9.30ET; there is no market call, Nov came in at 55.3 and the index has been steadily rising since Jan last year.“