Chicago PMI likely to drop modestly to 50.0 in September – TD Securities

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30 September 2019

Chicago PMI likely to drop modestly to 50.0 in September – TD Securities

Analysts at TD Securities are expecting the Chicago PMI to let off some steam in September in the upcoming U.S. session, dropping modestly to 50.0 following the strong 6-point jump to 50.4 in August.

“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).”

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