United States: Key Manufacturing PMI and Price Data Scheduled for May 1

Key Economic Events for May 1, 2026

Tomorrow, the U.S. economy faces a series of high-impact releases that will provide clarity on industrial health and cost-push inflation.

1. S&P Global Manufacturing PMI (Apr)

• Previous: 54.0
• Forecast: 54.0 This index measures the performance of the manufacturing sector based on surveys of purchasing managers. A reading above 50.0 indicates expansion. The forecast suggests stability in production levels compared to the previous month.

2. ISM Manufacturing PMI (Apr)

• Previous: 52.7
• Forecast: 53.2 The Institute for Supply Management (ISM) report is a major market mover. A slight increase to 53.2 is expected, indicating that despite broader economic headwinds, the manufacturing core remains resilient.

3. ISM Manufacturing Prices (Apr)

• Previous: 78.3
• Forecast: 80.0 This component tracks the prices paid by manufacturers for raw materials. A forecast of 80.0 is exceptionally high, suggesting that input costs are rising rapidly. This is a critical data point for the Federal Reserve's monetary policy decisions.

Market Implications

Traders should monitor the USD and treasury yields closely. If the Prices index meets or exceeds the 80.0 forecast, it could reinforce expectations for 'higher-for-longer' interest rates, potentially putting downward pressure on equities and high-risk assets like cryptocurrencies.