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US industrial production likely to fall – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, expect the US industrial production numbers to print a weaker number in today’s release.

Key Quotes

“US September industrial production is expected to fall 0.2% m/m, following the 0.4% decline in August. This would be in line with the manufacturing survey data, which have generally shown that activity remained weak.”

“US University of Michigan preliminary consumer sentiment for October is released today. The final September release was revised 1.5pt higher from the flash reading to 87.2 and today's number is expected at 89.0. However, that would still put it 2.9pt below August's reading, potentially reflecting that US consumers have become more cautious following the recent market turmoil.”

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