Manufacturing PMI, JOLTs job openings, and ISM data in focus Tuesday

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, October 1, 2024. The day’s lineup includes key indicators such as the Manufacturing PMI, JOLTs Job Openings, and the ISM Manufacturing PMI, all of which have the potential to influence market sentiment and Federal Reserve policy outlook.

Major Economic Events to Watch

• 9:45 AM ET – Manufacturing PMI (Oct): A key indicator of manufacturing sector health, forecast at 47.0 vs. previous 47.9

• 10:00 AM ET – JOLTs Job Openings (Oct): Measure of job vacancies, expected at 7.640M vs. previous 7.673M

• 10:00 AM ET – ISM Manufacturing PMI (Oct): Comprehensive gauge of manufacturing activity, forecast at 47.6 vs. previous 47.2

Other Important Economic Events to Watch

• 10:00 AM ET – Construction Spending (Oct): Measures change in total construction spending, forecast at 0.2% vs. previous -0.3%

• 10:00 AM ET – ISM Manufacturing Prices (Oct): Indicator of inflationary pressures in manufacturing, expected at 53.7 vs. previous 54.0

• 10:00 AM ET – ISM Manufacturing Employment (Oct): Reflects employment conditions in manufacturing sector, previous reading 46.0

• 11:00 AM ET – FOMC Member Bostic Speaks: Atlanta Fed President’s remarks on monetary policy

• 12:00 PM ET – Atlanta Fed GDPNow (Q3): Real-time estimate of GDP growth, forecast at 3.1%, unchanged from previous

• 4:30 PM ET – API Weekly Crude Stock: Overview of US petroleum demand, previous reading -4.339M

• 6:15 PM ET – FOMC Member Bostic Speaks: Second scheduled appearance of Atlanta Fed President

Other Economic Events to Watch

• 8:55 AM ET – Redbook (YoY): Measure of same-store sales growth, previous reading 4.4%

• 10:00 AM ET – Dallas Fed PCE: Gauge of core inflation, previous reading 1.70%

• 10:00 AM ET – ISM Manufacturing New Orders Index: Indicator of manufacturing demand, previous reading 44.6

• 10:30 AM ET – Dallas Fed Services Revenues: Measure of service sector activity in Texas, previous reading 8.7

• 10:30 AM ET – Texas Services Sector Outlook: Indicator of service sector sentiment in Texas, previous reading -7.7

• 11:10 AM ET – Fed Governor Cook Speaks: Remarks on monetary policy

• 6:15 PM ET – FOMC Member Barkin Speaks: Richmond Fed President’s comments on economic outlook

• 6:15 PM ET – Fed Collins Speaks: Boston Fed President’s insights on monetary policy

For further information and the latest updates, please refer to our Economic Calendar, here.

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