According to analysts at TD Securities, in the upcoming US session, the Philly Fed manufacturing survey should provide another look at the sector’s activity outlook for March.
Key Quotes
“The market consensus expects the index to have recovered to 4.8 from the -4.1 level registered in February. Recall that the NY Empire manufacturing survey pointed to a decline in activity in the sector (although on an ISM-adjusted basis it was unchanged).”
“Conversely, initial jobless claims are expected to have ticked down to 225k for the week of March 16th.”
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