US: ISM non-manufacturing index likely to rebound to 53.7 in October – TDS

Analysts at TD Securities are looking for a modest rebound in the US ISM non-manufacturing index to 53.7 following the drop to a three-year low in September.

Key Quotes

“We expect the services sector to have improved in October on the back of a solid US consumer. Service sector surveys suggest small gains during the month, while consumer spending has continued to prove resilient.”