US: Focus on ISM nonmanufacturing index - TDS

Research Team at TDS, suggests that the US ISM Nonmanufacturing Index for August will be keenly watched for any sign of a deceleration on the services side after the drop in the manufacturing index earlier this week.

Key Quotes

“The market consensus is currently calling for a (slight) deceleration from 55.5 to 55.3, though we see upside risks and look for a 56.1 print.

The Fed’s Labor Market Conditions Index for August will further insight into the labour market while IBD/TIPP Optimism for September rounds out the calendar.”

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