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USA Economic Data
The ISM Manufacturing PMI for the United States is likely to come at 55.1 from 54.9 a month back as we can see a steady growth in new orders, employment and inventories which offset the slower growth in production. In April 2017 the orders for the durable goods and other household items rose to touch a new three years high.I am expecting the positive sentiments prevalent in United States to have grown stronger in recent days after the victory ofNew US President Mr. Donald Trump which effectively means the United States ISM Manufacturing PMI will keep on rising for next couple of months.
Chicago Purchasing Managers' Index of the United states is expected to come at 58.5 which will mark the straight 15th month of expansion after showing a below 50 reading in the month of February 2016. The five constituent indices Production (0.25), New Orders (0.35), Order Backlog (0.15), Employment (0.10), and Supplier Deliveries (0.15) are showing good growth in recent months led by increase in New Orders for manufacturing units providing parts heavy industries and automobile sector. This month the Employment index is expected to contribute strongly as the labor market is tight t…
The ISM Manufacturing PMI for the United States is likely to come at 55.1 from 54.9 a month back as we can see a steady growth in new orders, employment and inventories which offset the slower growth in production. In April 2017 the orders for the durable goods and other household items rose to touch a new three years high.I am expecting the positive sentiments prevalent in United States to have grown stronger in recent days after the victory ofNew US President Mr. Donald Trump which effectively means the United States ISM Manufacturing PMI will keep on rising for next couple of months.
Chicago Purchasing Managers' Index of the United states is expected to come at 58.5 which will mark the straight 15th month of expansion after showing a below 50 reading in the month of February 2016. The five constituent indices Production (0.25), New Orders (0.35), Order Backlog (0.15), Employment (0.10), and Supplier Deliveries (0.15) are showing good growth in recent months led by increase in New Orders for manufacturing units providing parts heavy industries and automobile sector. This month the Employment index is expected to contribute strongly as the labor market is tight t…
