US ISM manufacturing: Look for a decline to 51.8 in August – Danske Bank

Research Team at Danske Bank, suggests that in the US, ISM manufacturing index data for August is due out.

Key Quotes

“We look for a decline to 51.8 in August, due to the decline in the preliminary Markit PMI manufacturing and weak regional indices. We think the manufacturing cycle has turned since the lows of early 2016 but also that an ISM manufacturing index above 52 is probably too high in the current situation.”