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31 Mar 2015
US ISM to stage a decline – Nomura
FXStreet (Barcelona) - Research Analysts at Nomura predict March ISM manufacturing number to replicate February’s dismal performance and register a decline to 52.7, with consensus expecting a fall to 52.5.
Key Quotes
“The February ISM manufacturing report continued to reflect more downbeat business sentiment as the inclement weather, the stronger dollar, the West Coast port labor disputes, and the impact of lower energy prices on energy-related sectors possibly weighed on activity.”
“We expect some of these effects to continue into March.”
“In addition, regional manufacturing surveys have remained subdued. As such, we expect the ISM manufacturing index to decline by 0.2pt to 52.7 in March.”
Key Quotes
“The February ISM manufacturing report continued to reflect more downbeat business sentiment as the inclement weather, the stronger dollar, the West Coast port labor disputes, and the impact of lower energy prices on energy-related sectors possibly weighed on activity.”
“We expect some of these effects to continue into March.”
“In addition, regional manufacturing surveys have remained subdued. As such, we expect the ISM manufacturing index to decline by 0.2pt to 52.7 in March.”