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Manufacturing and services PMIs take center stage on Monday

Published 2024-12-13, 02:02 p/m
© Reuters.

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 Monday, December 16, 2024. The spotlight will be on the Manufacturing and Services Purchasing Managers' Index (PMI) reports, which offer valuable insights into the health of these key sectors of the U.S. economy.

Major Economic Events to Watch

• 9:45 AM ET - Manufacturing PMI: A key indicator of manufacturing sector activity, previous reading 49.7

• 9:45 AM ET - Services PMI: Measures activity in the services sector, previous reading 56.1

Other Important Economic Events to Watch

• 8:30 AM ET - NY Empire State Manufacturing Index: Gauges business conditions in New York state, previous reading 31.20

• 9:45 AM ET - S&P Global Composite PMI: Provides an overall view of economic activity, previous reading 54.9

Other Economic Events to Watch

• 11:30 AM ET - 3-Month Bill Auction: Previous yield 4.300%

• 11:30 AM ET - 6-Month Bill Auction: Previous yield 4.200%

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.

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