1 Jul 2015
Key data in the US: ADP and ISM Manufacturing PMI to show a small increase – Rabobank
FXStreet (Barcelona) - The Rabobank Team previews the key US data releases ahead in the day – ADP report and June ISM Manufacturing PMI.
Key Quotes
“Ahead of Friday’s Non-Farm Payrolls, today ADP will give its latest estimate of the number of jobs added in the US in June. At 218,000, the market expects the ADP report to show a small increase in the number of new jobs created as compared to the 201,000 added jobs reported in May.”
“The ADP report is followed by the Markit’s final estimate of the June manufacturing PMI, as well as the ISM Manufacturing PMI. We have already seen the flash estimate for the Markit PMI come in at 53.4, and the final is expected to confirm this number. The ISM index is foreseen to come in slightly better than last month’s: at 53.2, up from 52.8. Moreover, the employment subcomponents of both PMIs should give additional hints about the tone of Friday’s employment report.”
Key Quotes
“Ahead of Friday’s Non-Farm Payrolls, today ADP will give its latest estimate of the number of jobs added in the US in June. At 218,000, the market expects the ADP report to show a small increase in the number of new jobs created as compared to the 201,000 added jobs reported in May.”
“The ADP report is followed by the Markit’s final estimate of the June manufacturing PMI, as well as the ISM Manufacturing PMI. We have already seen the flash estimate for the Markit PMI come in at 53.4, and the final is expected to confirm this number. The ISM index is foreseen to come in slightly better than last month’s: at 53.2, up from 52.8. Moreover, the employment subcomponents of both PMIs should give additional hints about the tone of Friday’s employment report.”