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4 Mar 2015
US ISM non-manufacturing PMI to register a soft print – TDS
FXStreet (Barcelona) - The TD Securities Team previews the data releases in the US, anticipating the US ISM non-manufacturing PMI to register a below consensus figure at 55.6.
Key Quotes
“Markets will refocus on employment data today as the ADP report provides an early reading on February job growth momentum. We look for the report to show a 205K gain following last month’s 213K advance, suggesting ongoing labor market firming.”
“The ISM non-manufacturing report will also be closely watched, and we look for some moderation to 55.6 from 56.7.”
“The Fed’s Beige Book is likely to suggest some firming in economic momentum, likely maintaining the “modest to moderate” growth assessment.”
Key Quotes
“Markets will refocus on employment data today as the ADP report provides an early reading on February job growth momentum. We look for the report to show a 205K gain following last month’s 213K advance, suggesting ongoing labor market firming.”
“The ISM non-manufacturing report will also be closely watched, and we look for some moderation to 55.6 from 56.7.”
“The Fed’s Beige Book is likely to suggest some firming in economic momentum, likely maintaining the “modest to moderate” growth assessment.”