Danske Daily - 1 November 2016

Published 11/01/2016, 03:57 AM
Updated 05/14/2017, 06:45 AM


The main release today will be the US ISM manufacturing index for October. It will be important to see if it confirms the positive signs on October activity from the Markit PMI released last week. Jobless claims have also pointed to improvement into October and we look for a rise in ISM manufacturing to 52.5 from 51.5 in September. This is above consensus of 51.7.

UK PMI manufacturing is expected to fall slightly for October after a sharp increase in August and September. Although the export sector is benefiting from the weaker GBP, the recent rise was likely to be too big relative to underlying manufacturing growth and a correction lower is on the cards, in our view.

Scandi countries are also due to publish PMI data (see next page).

To read the entire report Please click on the pdf File Below

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