Analysts at Nomura expect the strong US economic momentum to remain supportive for the non-manufacturing sector and forecast a reading of 57.5 for September, slightly below 58.5 in August.
Key Quotes
“The recent escalation in US-China trade tensions likely affected the sentiment of non-manufacturers via supply-chain disruptions and also possibly agriculture businesses that are included in the nonmanufacturing survey. However, strong domestic economic momentum likely offset much of the increased concerns.”
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