In a preview of next week’s key macroeconomic data releases from the US, “Payrolls likely slowed dramatically after a 943,000 rise in July,” analysts said. TD Securities.
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“The pattern reflects less help from the seasonal adjustment process, particularly for the government sector, but the underlying momentum also appears to have waned. That is the signal from the Homebase data, even as claims have been falling. Slowing down would help. in the event that a phase-down announcement is not made in September. “
“We will revise our forecasts after more regional surveys are released for August, but the surveys that have already been released point to a slowdown in activity as impulses from the reopening and fiscal stimulus fade. The latest wave is likely. COVID-19 is also causing some slowdown. That said, index levels have remained quite high, in line with a still strong growth pace. “
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