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23 Oct 2015
US manufacturing PMI to remain broadly unchanged – Danske Bank
FXStreet (Delhi) – Research Team at Danske Bank, suggest that today’s US manufacturing PMI consensus is for a broadly unchanged figure of 53 from 53.1 in September.
Key Quotes
“Despite the fall in September the manufacturing PMI was still much higher than the manufacturing ISM, which came out at 50.2. The question, then, is whether there will still be a big gap between the two indices or whether they will converge.”
“Weak export data for September suggest that the manufacturing sector is still under pressure from reduced global demand and a stronger dollar, so we see a slight risk of the PMI falling to a level closer to 50.”
Key Quotes
“Despite the fall in September the manufacturing PMI was still much higher than the manufacturing ISM, which came out at 50.2. The question, then, is whether there will still be a big gap between the two indices or whether they will converge.”
“Weak export data for September suggest that the manufacturing sector is still under pressure from reduced global demand and a stronger dollar, so we see a slight risk of the PMI falling to a level closer to 50.”