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Analysts at TD Securities suggest that in the US, running counter to the manufacturing’s index performance, consensus expects the ISM’s non-manufacturing index to have actually improved in February following its drop to a still solid 56.7 in January.

Key Quotes

“Conversely, new home sales are expected to have declined 8.7% in December after an eye-popping jump to 16.9%. Note that the release of home sales data has been delayed due to the impact of the government shutdown in Dec-Jan.”