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Forex Flash: US ISM manufacturing to rise back into expansionary territory – TD Securities

By FXstreet.com,  January 02, 2013, 07:52:00 AM EDT

FXstreet.com (Barcelona) - Slowing domestic and global growth momentum continue to stalling the US manufacturing sector, with the ISM manufacturing index hovering around the 50-threshold since June. "This is expected to remain the case in December, and we expect the headline index to rise back into expansionary territory to 50.3", wrote analyst Richard Kelly, explaining that the improvement in the index is consistent with the strong rebound in the Philly Fed index, "which is pointing to a pronounced rebound in manufacturing sector activity in the Hurricane Sandy-affected regions".




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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