Analysts at TD Securities suggest that following a 1.1% MoM rebound, they are looking for the US industrial production to retreat again, posting a -0.5% decline for Dec.
Key Quotes
“We expect weakness in utilities, to a larger extent, and manufacturing to drive production lower during the month.”
“We also forecast a small decline in housing starts to 1,360k in Dec (from 1,380k), while we look for UMich’s consumer sentiment index to improve to 100.5 for Jan’s preliminary release (from 99.3).”
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