28 Mar 2016
US ISM manufacturing index to break out of contractionary territory - TDS
Research Team at TDS, suggests that the US manufacturing sectors appears to be turning a corner and they expect the ISM manufacturing index to break out of contractionary territory in March.
Key Quotes
“However, nonfarm payrolls should slow significantly due to a historical seasonal underperformance in the month of March (employment growth has averaged 150k in last 5 years). The unemployment rate should rise modestly on account of the weak employment growth.”
Key Quotes
“However, nonfarm payrolls should slow significantly due to a historical seasonal underperformance in the month of March (employment growth has averaged 150k in last 5 years). The unemployment rate should rise modestly on account of the weak employment growth.”