According to analysts at TD Securities, the market expects the Richmond Fed Manufacturing Index of US to register its first improvement in six months with a 10pt gain to -2 in August.
Key Quotes
“The index was as high as 14 back in February but has since declined to -12, in line with the ongoing woes in the manufacturing sector.”
“Separately, the Conference Board’s consumer confidence index is expected to have given back some of its July gain, dropping to a still strong 129 level in August from 135.7 before.”
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