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Thursday’s US manufacturing related data could show whether cracks in economy are widening

From cnbc.com

Thursday’s economic calendar contains several reports that could shed more light on how much the manufacturing sector is slowing down, and whether its weakness will spill over onto the services sector and the consumer. Durable goods are expected at 8:30 a.m. ET Thursday, and economists expect to see a dip of 0.8% in September, after a gain of 0.2% in August, according to Dow Jones. There is also Markit’s PMI data for manufacturing and services, both at 9:45 a.m. These reports come after September ISM manufacturing data showed a surprise decline to 47.8%, the lowest since June 2009 and the second month of contraction. ... (full story)

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  • Category: Fundamental Analysis