Services PMI, ISM Non-Manufacturing PMI highlights Thursday’s economic data by Investing.com

As traders approach another pivotal day for the financial markets, Thursday, October 3, 2024, a number of crucial decisions and economic data are expected that could influence market dynamics. The day’s schedule includes key reports on the services sector, jobless claims and the factory. orders, all of which have the potential to influence investor sentiment and market direction.

Major economic events to watch

• 8:30 AM ET: Initial Jobless Claims (Forecast: 221K, Previous: 218K) – Weekly measure of first-time jobless claims.

• 9:45 AM ET: Services PMI (Forecast: 55.4, Previous: 55.7) – Monthly survey of executives at private sector services companies.

• 10:00 AM ET: ISM Non-Manufacturing PMI (Forecast: 51.6, Previous: 51.5) – The composite index that indicates the general economic condition for the non-manufacturing sector.

Other important economic events to watch

• 8:30 AM ET: Continued Jobless Claims (Previous: 1,834K) – Measures ongoing jobless claims.

• 9:45 AM ET: S&P Global Composite PMI (Forecast: 54.4, Previous: 54.6) – Composite index of manufacturing and services sector activity.

• 10:00 AM ET: Factory Orders (Forecast: 0.1%, Previous: 5.0%) – Measures the change in the total value of new purchase orders placed with manufacturers.

• 10:00 AM ET: ISM Non-Manufacturing Employment (Previous: 50.2) – The employment component of the ISM Non-Manufacturing PMI.

• 10:40 a.m. ET: FOMC Member Bostic Speaks – Public interaction from the president of the Federal Reserve Bank of Atlanta.

• 4:30 PM ET: Fed Balance Sheet (Previous: 7,080B) – The Federal Reserve’s weekly statement of assets and liabilities.

• 4:30 PM ET: Reserve Balances at Federal Reserve Banks (Previous: 3,142T) – The amount money depository institutions keep at regional Federal Reserve Banks.

Other economic events to watch

• 7:30 AM ET: Challenger Job Cuts (Prev: 75,891K, 1.0%) – Information on announced corporate layoffs.

• 8:30 AM ET: Jobless Claims 4-Week Average (Prev: 224.75K) – Smoothed weekly data for initial jobless claims.

• 10:00 AM ET: Factory Orders Excluding Transportation (Previous: 0.4%) – Factory orders excluding the transportation industry.

• 10:00 AM ET: Durable Goods Excluding Transportation (Previous: 0.5%) – Durable Goods Orders Excluding Transportation.

• 10:00 AM ET: Durable Goods Excluding Defense (Previous: -0.2%) – Durable Goods Orders Excluding Defense.

• 10:00 AM ET: ISM Non-Manufacturing Prices (Prev: 57.3) – The price component of the ISM Non-Manufacturing PMI.

• 10:00 AM ET: ISM Non-Manufacturing New Orders (Previous: 53.0) – The new orders component of the ISM Non-Manufacturing PMI.

• 10:00 AM ET: ISM Non-Manufacturing Business Activity (Previous: 53.3) – The business activity component of the ISM Non-Manufacturing PMI.

• 10:30 a.m. ET: Natural Gas Storage (Previous: 47B) – Weekly change in underground storage.

• 11:30 a.m. ET: 4-week auction (previous: 4.700%) – Treasury bill auction results.

• 11:30 a.m. ET: 8-week auction (previous: 4.650%) – Treasury bill auction results.

For more information and the latest updates, please see our Economic Calendar here.

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