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Economic calendar: Manufacturing ISM in the spotlight

8:14 AM 2 December 2019

  • US manufacturing ISM seen rising in November

  • Final manufacturing PMI data for November from EU and US

  • ECB President Lagarde to testify at European Parliament today

8:55 am GMT - Germany, manufacturing PMI for November (final). Expected: 43.8 pts

9:30 am GMT - UK, manufacturing PMI for November (final). Expected: 48.3 pts

2:45 pm GMT - US, manufacturing PMI for November (final). Expected: 52.5 pts

3:00 pm GMT - US, ISM manufacturing for November. The US manufacturing ISM sits below the 50 pts threshold signalling a recession in the industry. While a rebound is expected in November, the gauge is expected to remain below expansion/contraction barrier. Market expects a reading of 49.2 pts against previous 48.3 pts.

Central bankers’ speeches

  • 10:00 am GMT - ECB’s Holzmann

  • 2:00 pm GMT - ECB President Lagarde

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