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4 May 2016
US: ISM non-manufacturing and ADP employment in focus – Danske Bank
Research Team at Danske Bank, suggests that the US ISM non-manufacturing and ADP employment data will be the key economic releases for the day.
Key Quotes
“US ISM non-manufacturing for April is due today. After a big decline from October to February, the index rebounded in March. There should be scope for a further increase in April. Consensus is for a rise to 54.8 from 54.5 in March.
ADP employment for April will be a good guide for where to look for payrolls on Friday. ADP employment is expected to be broadly unchanged around 200k. US unit labour cost and trade data are also due today.”
Key Quotes
“US ISM non-manufacturing for April is due today. After a big decline from October to February, the index rebounded in March. There should be scope for a further increase in April. Consensus is for a rise to 54.8 from 54.5 in March.
ADP employment for April will be a good guide for where to look for payrolls on Friday. ADP employment is expected to be broadly unchanged around 200k. US unit labour cost and trade data are also due today.”