US: ISM manufacturing index to rise to 59.0 - TDS

US ISM Manufacturing will give a glimpse into manufacturing conditions for the month of December and analysts at TD are looking for the index to rise to 59.0, above the market consensus for an unchanged 58.2 print, following an improvement in several regional surveys.

Key Quotes

“Business sentiment should also benefit from recent tax proposals.”

“December vehicle sales will filter out over the course of the day and TD expects a modest increase from November to an annualized 17.6m units, slightly above the market consensus for 17.5m. This would leave sales just below 17.3m units for 2017 as a whole, which represents a modest decline from 17.47m units in 2016.”

“Minutes from the December FOMC are the last item on the calendar and will be posted at 14:00 ET.”