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LONDON (MNI) - Across the Atlantic, the US calendar will get underway at
0830ET, when the latest housing starts data is published.
At the same time, the current account balance and the import/export price
index will be released.
The seasonally adjusted pace of housing starts is expected to rise to a
1.170 million annual rate in August after a decline in July, with Hurricane
Harvey likely trimming some building from the South region. The real hurricane
impact will be seen in next month's data, when Harvey and Irma should both
subtract from new home building. In addition, soft building permits in July may
restrict an August bounceback. Total starts were down 5.4% year/year before
seasonal adjustment in July, while permits were up 2.6%.
Also due at 0830ET is the Canadian Monthly Survey of Manufacturing.
At 0855eT, the latest US Redbook Retail Sales Index will cross the wires.
--MNI London Bureau; tel: +44 203-586-2225; email: firstname.lastname@example.org