Risk of a significant decline in US ISM – Danske

FXStreet (Barcelona) - Analysts at Danske Bank see a risk of ISM correcting lower over the coming months.

Key Quotes

“The signals for the US are somewhat conflicting. On the one hand, the ISM has stayed at very strong levels. On the other, a range of indicators points to slowing growth: the OECD leading indicator for the US fell for the second month in September, the order-inventory balance in Markit PMI has weakened and actual demand growth has slowed. We thus see a risk that it is the ISM that will correct lower to the other data over the coming months.”