US: Chicago PMI likely to decline modestly to 50.0 in September – TD Securities

In view of analysts at TD Securities, the Chicago PMI is expected to let off some steam in September in the upcoming US session, declining modestly to 50.0 following the strong 6pt jump to 50.4 in August.

Key Quotes

“This would suggest some stabilization in manufacturing activities for the region, supporting our view for a better ISM manufacturing figure in September (TD: 50.8).”