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US ISM Manufacturing PMI – What to Expect – 10.01.25
On Wednesday, 1 October 2025 (15:00 UK), the Institute for Supply Management (ISM) will release the September Manufacturing PMI and components, a market-moving gauge of U.S. factory activity that shapes views on growth momentum, inflation pressures, and interest-rate expectations. Our base case considers the latest available data releases, including the S&P Global flash PMI, September regional Fed manufacturing surveys (New York, Philadelphia, Richmond, Dallas, Kansas City), August hard data (industrial production, durable goods/core capex), and late-September cost dynamics, most notably energy. Why: 1) National PMI ... (full story)
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