US: Expect a slight moderation to 55.8 in January ISM non-manufacturing – Nomura

Analysts at Nomura forecast a slight moderation in January ISM non-manufacturing of US to 55.8 in January, from 56.0 in December, considering slight moderation in incoming business surveys.

Key Quotes

“Business sentiment was solid throughout 2017 and we think it will remain so in the near term. That said, our forecast does not necessarily signal material deterioration in business sentiment further out. Details of recent survey data point to continued momentum.”