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US docket will be the main attraction – Danske Bank

FXStreet (Edinburgh) - Arne Rasmussen, Chief Analyst at Danske Bank, highlights today’s data releases in the US economy.

Key Quotes

“In the data calendar focus will be on US data”.

“We expect industrial production to have increased 0.2% m/m in July. Indicators for industrial production together with ISM manufacturing have been suggesting strong manufacturing but weak total working hours in manufacturing in the labour market report suggest subdued industrial production”.

“We expect the University of Michigan consumer confidence to have improved slightly to 83.1 in August from 81.8 in July, mainly on the back of lower fuel prices”.

“Finally, we expect producer prices to have increased only a modest 0.1% m/m in August mainly due to lower energy prices”.

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