US: Chicago PMI likely declined to 62.5 in September – Nomura

Analysts at Nomura expect that in the US, the Chicago PMI likely declined to 62.5 in September from 63.6 after the early manufacturing surveys for September sent mixed signals.

Key Quotes

“The Empire State manufacturing survey headline index fell sharply by 6.6pp to 19.0, but the Philly Fed manufacturing survey index for September jumped 11.0pp to 22.9 in September. We think Chicago PMI could reflect some of the concerns over escalation in trade tensions between the US and China.”