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Manufacturing Activity and Construction Spending Reports Due Out Today

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December 01 2023 04:01AM

The Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of November at 10 am ET.

The ISM’s manufacturing PMI is expected to inch up to 47.6 in November from 46.7 in October, although a reading below 50 would still indicate a contraction.

Also at 10 am ET, the Commerce Department is due to release its report on construction spending in the month of October. Construction spending is expected to increase by 0.4 percent.

Chicago Federal Reserve President Austan Goolsbee is also scheduled to participate in a moderated question-and-answer session before the 37th Annual Economic Outlook Symposium at 10 am ET.

At 11 am ET, Federal Reserve Chair Jerome Powell is scheduled to participate in a fireside chat with Spelman College President Helene Gayle.

Powell and Fed Governor Lisa D. Cook are also due to participate in a roundtable discussion at Spelman College at 2 pm ET.