3 Mar 2016
US: Factory orders and ISM PMI data in focus - TDS
Research Team at TDS, suggests that in the US factory orders for January are expected by the market to increase 2.1% on a monthly basis while TD looks for an above-consensus 2.9% m/m advance.
Key Quotes
“TD is broadly in line with the market in calling for the ISM Non-Manufacturing Index to decline from 53.5 in February. We are looking for a dip to 53.0, just below the consensus estimate of 53.1.
Initial jobless claims are expected to decline from last week’s 272k reading; the market consensus is for a slight dip to 270k while TD sees claims falling to 263k, which would pull the 4-week moving average lower to 267k.
Rounding out the calendar is the final revision to January’s 4.9% m/m increase in durable goods orders.”
Key Quotes
“TD is broadly in line with the market in calling for the ISM Non-Manufacturing Index to decline from 53.5 in February. We are looking for a dip to 53.0, just below the consensus estimate of 53.1.
Initial jobless claims are expected to decline from last week’s 272k reading; the market consensus is for a slight dip to 270k while TD sees claims falling to 263k, which would pull the 4-week moving average lower to 267k.
Rounding out the calendar is the final revision to January’s 4.9% m/m increase in durable goods orders.”