According to analysts at TD Securities, ISM Manufacturing for August will be the focus of the data calendar.
Key Quotes
“TD is looking for the index to push lower to 57.1 (market: 57.6) on a deterioration in regional measures and a sharp pullback in durable goods orders.”
“Construction spending for July will be released alongside ISM and the market looks for a 0.5% m/m increase, while auto sales for August will trickle out throughout the day.”
“Canada: Markit PMI will shine a light on conditions in the manufacturing sector for the month of August. Thus far the PMI has proven resilient against the impact of trade uncertainty, with the index currently sitting just shy of survey highs at 56.9.”
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