1 Jul 2015
US June ISM manufacturing to see a modest pickup – RBS
FXStreet (Barcelona) - Brian Daingerfield, FX Trading Strategist at RBS, expects the June US ISM Manufacturing data to see a modest pickup to 53.2.
Key Quotes
"As for the US ISM manufacturing, our economists look for a modest pickup to 53.2 in June, which would be the best level since January. The regional PMIs broadly pointed toward a slight pickup in national manufacturing activity. Motor vehicle sales figures should be watched closely as well – the pace of auto sales jumped to multi-year highs in May but may have retreated to a still-healthy pace in June."
Key Quotes
"As for the US ISM manufacturing, our economists look for a modest pickup to 53.2 in June, which would be the best level since January. The regional PMIs broadly pointed toward a slight pickup in national manufacturing activity. Motor vehicle sales figures should be watched closely as well – the pace of auto sales jumped to multi-year highs in May but may have retreated to a still-healthy pace in June."