ISM Manufacturing Due
The ISM manufacturing PMI is scheduled for October 1 at 10:00 a.m. Eastern Time. The survey is one of the first major indicators available for September and can influence expectations for industrial activity.
The 50 Threshold
A manufacturing PMI above 50 generally indicates expansion, while a reading below 50 signals contraction. Markets also watch the new orders, employment and prices components for information about demand and cost pressures.
Fed Policy Connection
The Federal Reserve is balancing inflation risks with economic activity. Strong factory demand could support the growth side of the outlook, while elevated prices within the survey could reinforce concerns about inflation persistence.
Dollar and Bond-Market Sensitivity
A significant surprise can influence Treasury yields and the dollar because it changes expectations about growth and monetary policy. The impact may be stronger when the release differs materially from the market consensus.
What Traders Are Watching
Investors will compare the manufacturing survey with employment, services and inflation data released around the same period. The broader trend will matter more than a single monthly number.
The September U.S. ISM manufacturing PMI is scheduled for October 1 at 10:00 a.m. ET.
Frequently asked questions
What does the ISM manufacturing PMI measure?
It surveys purchasing managers on manufacturing activity, including orders, employment, production and prices.
Why can ISM move the dollar?
The report can change expectations for U.S. growth, inflation and Federal Reserve policy.
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