Manufacturing PMI and ISM data in focus for Tuesday's economic releases

As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Tuesday, September 3, 2024. The spotlight will be on manufacturing sector health, with key reports from S&P Global and the Institute for Supply Management (ISM) set to provide insights into the state of U.S. industrial activity.

Major Economic Events to Watch

• 9:45 AM ET: Manufacturing PMI (Forecast: 48, Previous: 49.6) - A key indicator of manufacturing sector activity

• 10:00 AM ET: ISM Manufacturing PMI (Forecast: 47.5, Previous: 46.8) - Comprehensive measure of manufacturing performance

Other Important Economic Events to Watch

• 10:00 AM ET: Construction Spending (Forecast: 0.1%, Previous: -0.3%) - Indicates change in total construction expenditure

• 10:00 AM ET: ISM Manufacturing Prices (Forecast: 52.1, Previous: 52.9) - Measures inflationary pressures in manufacturing

• 10:00 AM ET: ISM Manufacturing Employment (Previous: 43.4) - Reflects employment conditions in the manufacturing sector

• 11:00 AM ET: Atlanta Fed GDPNow (Forecast: 2.5%, Previous: 2.5%) - Running estimate of real GDP growth

Other Economic Events to Watch

• 8:55 AM ET: Redbook (Previous: 5.0%) - Measures same-store sales growth in large U.S. general merchandise retailers

• 10:00 AM ET: ISM Manufacturing New Orders Index (Previous: 47.4) - Indicates new order levels in manufacturing

• 10:00 AM ET: Total Vehicle Sales (Forecast: 15.40M, Previous: 15.80M) - Measures annualized new vehicle sales

• 10:10 AM ET: IBD/TIPP Economic Optimism (Forecast: 46.2, Previous: 44.5) - Gauges economic sentiment

• 11:30 AM ET: 3-Month Bill Auction (Previous: 4.980%) - Treasury bill auction results

• 11:30 AM ET: 6-Month Bill Auction (Previous: 4.685%) - Treasury bill auction results

For further information and the latest updates, please refer to our Economic Calendar, here https://www.investing.com/economic-calendar/

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Source: Investing.com