Market participants face a concentrated roster of economic releases on Monday, August 3, 2026, with a primary focus on measures of manufacturing activity. Two high-profile purchasing managers' surveys - the Manufacturing PMI and the ISM Manufacturing PMI - are scheduled to publish in the morning and are expected to provide fresh readings on the state of U.S. industry.
The early-morning schedule opens at 8:45 AM ET with the Manufacturing PMI, where the consensus forecast sits at 53.8 compared with a prior reading of 53.9. Readings above 50 indicate expansion in activity as reported by purchasing managers, making this release a barometer of manufacturing-sector momentum.
Fifteen minutes later, at 9:00 AM ET, the ISM Manufacturing PMI will be released. The composite ISM index - compiled from responses at more than 400 industrial companies - previously registered 53.3. This broader ISM series draws on subcomponents that track new orders, production, employment, supplier deliveries and inventories to form its composite view of the sector.
Alongside those headline numbers, several ISM-related subindexes and other indicators arrive at 9:00 AM ET and shortly thereafter:
- ISM Manufacturing Employment - previous 49.7 - a purchasing managers' gauge of employment conditions inside manufacturing.
- ISM Manufacturing Prices - previous 73.0 - tracks prices paid for inputs by manufacturers and serves as an indicator of inflationary pressures within the sector.
- Construction Spending - previous 0.1% - measures the change in total spending on construction projects across the United States.
Also on the calendar, the Atlanta Fed's GDPNow estimate will publish at 10:30 AM ET; no previous value is provided for this running estimate of real GDP growth based on currently available quarterly data. That same morning the Treasury will hold auctions for short-dated bills that can influence short-term yields: a 3-Month Bill Auction at 10:30 AM ET with a previous stop-out of 3.815%, and a 6-Month Bill Auction at 10:30 AM ET with a previous stop-out of 3.945%.
Another ISM component to watch is the New Orders Index, released at 9:00 AM ET, which earlier stood at 56.0 and is a key driver of the broader ISM Manufacturing PMI because it signals demand for future production.
The Federal Reserve's Loan Officer Opinion Survey will be published at 1:00 PM ET; no previous data point is listed in the calendar for that survey, which gathers banks' responses on lending standards, terms and loan demand.
Together, this mix of manufacturing reports, price indicators, construction spending, short-term Treasury sales and Fed survey releases forms a compact data set that could affect assessments of industrial activity, input-cost trends and short-term funding conditions when markets digest the information from mid-morning onward.