US: Focus on industrial production and consumer sentiment – TDS

Analysts at TDS suggest that the US economic calendar will once again feature a number of mid-tier data releases.

Key Quotes

“The market expects housing starts to slow by 2.7% in February to an annualized 1290k units, while building permit issuance is expected to fall 4.1% to 1320k. Industrial production will be released shortly afterwards and TD looks for a below-consensus 0.3% gain (mkt: 0.4%) due to the drag from utilities; both TD and the wider market look for a 0.5% increase in manufacturing production. Preliminary University of Michigan sentiment for March is expected by the market to show a modest decline to 99.2; as always we will also be keeping an eye on inflation expectations. JOLTS job openings for January will round things out and consensus looks for an increase to 5900k from 5811k.”