US: Focus on Empire Manufacturing Index – TD Securities

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According to analysts at TD Securities, the US Empire Manufacturing Index is expected to have pared back modestly to 4.0 in September from 4.8 before.

Key Quotes

“Although the index has shown some consolidation after the massive June drop, it remains at odds with the performance of the more widely-tracked ISM manufacturing index, which has continued to underperform in recent months.”

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