US: Focus on manufacturing PMI and jobless claims – TDS

Analysts at TD Securities suggest that a slew of data in the US includes ISM, productivity, jobless claims and vehicle sales and will be key economic releases for today’s session.

Key Quotes

“We look for ISM manufacturing to slip about a point to 58.8 (consensus: 59.0), though tariffs, trade tensions and market volatility skew risks to the downside.”

“Productivity is expected by the market to rise 1.8% q/q, while we see upside risk for 2.3%. In y/y terms that would leave growth stable at 1.3%.”

“Claims are expected to be little changed at 213k vs 215k. Later, vehicle sales for October are expected to slide a touch to 17.0m units.”