(Part 1 of 5) - Economic Preview (31Aug2026)
Economic Preview: Key Data Releases (week of 31Aug2026)
Global Manufacturing Signals
China’s August Manufacturing PMI is forecast at 49.7, indicating a contraction in manufacturing activity. This release is especially important because China accounts for nearly one-third of global manufacturing output, so a weaker reading could point to softer global demand.
-
Chicago PMI for August is forecast at 57.8, suggesting continued expansion in production and a potentially bullish signal for markets.
-
S&P Global Manufacturing PMI for August is forecast at 53.2, also pointing to expansion.
-
ISM Manufacturing PMI for August is forecast at 55.3, indicating further growth in manufacturing activity.
-
ISM Manufacturing Prices for August will be an important gauge of producer cost pressures, which may eventually flow through to consumers.
Labour Market Data and Federal Reserve Focus
Several labour market indicators will be released in the coming week and are likely to be closely watched by the Federal Reserve ahead of its upcoming interest rate decision.
-
JOLTS job openings for July will provide insight into labour demand.
-
ADP Non-Farm Employment Change for August will offer an early read on private-sector hiring.
-
Initial jobless claims will provide a timely view of labour market conditions.
-
Average hourly earnings for August are expected to rise by 0.2%.
-
Non-farm payrolls for August are forecast at 45,000.
-
The unemployment rate for August is forecast at 4.2%.
Energy and Services Outlook
Crude oil inventories will be announced in the coming week and may provide insight into producers’ expectations for demand. A larger-than-usual drawdown would suggest a more bullish outlook for the market.
S&P Global Services PMI for August is forecast at 56.8, indicating expansion in the services sector. ISM Non-Manufacturing Prices and ISM Non-Manufacturing PMI for August will also be released, offering further insight into service-sector growth and potential price pressures.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
