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4 May 2016
External sector of the US economy is forecasted to improve sharply - TDS
Research Team at TDS, suggests that the external sector of the US economy is forecasted to improve sharply in March following a better-than-expected advance goods trade report.
Key Quotes
“The consensus forecast is for the trade deficit to decline to $41.2bn from $47.1bn in February while TD calls for a slightly more cautious $43.5bn deficit.
The ADP Employment report is projected to reveal a slowdown in the pace of hiring from March. The market is calling for the addition of 195k private payrolls, while TD expects a 185k print.
Later in the morning we will see the ISM Non-Manufacturing Index for April; TD sees a risk that the PMI worsens from the 54.5 March print and is calling for 54.2 while the market expects a slight improvement to 54.8.”
Key Quotes
“The consensus forecast is for the trade deficit to decline to $41.2bn from $47.1bn in February while TD calls for a slightly more cautious $43.5bn deficit.
The ADP Employment report is projected to reveal a slowdown in the pace of hiring from March. The market is calling for the addition of 195k private payrolls, while TD expects a 185k print.
Later in the morning we will see the ISM Non-Manufacturing Index for April; TD sees a risk that the PMI worsens from the 54.5 March print and is calling for 54.2 while the market expects a slight improvement to 54.8.”