3 Feb 2015
US data preview: Factory orders and Auto sales to come out soft – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman Team previews the data ahead for US, expecting both factory orders and auto sales to come out weaker.
Key Quotes
“In the US, December factory orders and January auto sales are the main features. Factory orders are bound to be weak after the larger than expected slump in durable goods orders (-3.4%) and the sharp downward revision to the November series (-2.1% from -0.7%).“
“Auto sales are expected to have slowed from the 16.8 mln unit pace in December though US-based producers are projected to have increased market share.”
“Two Fed presidents speak today (Bullard and Kocherlakota). Neither are voting members. The former leans a bit to the hawkish side while the latter is among the most dovish. Kocherlakota has signalled intentions to step down this year.”
Key Quotes
“In the US, December factory orders and January auto sales are the main features. Factory orders are bound to be weak after the larger than expected slump in durable goods orders (-3.4%) and the sharp downward revision to the November series (-2.1% from -0.7%).“
“Auto sales are expected to have slowed from the 16.8 mln unit pace in December though US-based producers are projected to have increased market share.”
“Two Fed presidents speak today (Bullard and Kocherlakota). Neither are voting members. The former leans a bit to the hawkish side while the latter is among the most dovish. Kocherlakota has signalled intentions to step down this year.”