29 Feb 2016
US: Chicago PMI and home sales data in focus - TDS
Research Team at TDS, suggests that the Chicago PMI is expected by the market to dip lower from 55.6 to 52.4 in February while TD looks for a more modest decline to 52.8.
Key Quotes
“February’s pending home sales should rally 0.5% m/m, in line with TD’s forecast for an improvement of 0.4% m/m, which would indicate a 3.4% gain on a year-ago basis.
Lastly, the Dallas Fed Index should remain near post-recession lows in February, with the market calling for a reading of –34.6 while TD looks for –32.4."
Key Quotes
“February’s pending home sales should rally 0.5% m/m, in line with TD’s forecast for an improvement of 0.4% m/m, which would indicate a 3.4% gain on a year-ago basis.
Lastly, the Dallas Fed Index should remain near post-recession lows in February, with the market calling for a reading of –34.6 while TD looks for –32.4."