Eyes on manufacturing with ISM data coming today

It’s a new week and economic data is going to be a key factor as the market (and the Fed) gauges how quickly the economy and inflation are slowing.

Data begins at 9:45 a.m. ET with the final S&P Global manufacturing PMI. The preliminary was 52.3.

The main events are at 10 a.m. ET with the ISM survey on manufacturing and construction spending. The ISM is expected to slip from 53.0 to 52.0, but I was surprised by the strength of the regional surveys, so there are upside risks. Construction spending is forecast down 0.1%.

Canada is on vacation today and there is no Fedspeak scheduled, but I wouldn’t be surprised if someone checked in.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button