US ISM Manufacturing PMI Expected to Show Strong July Activity

The Institute for Supply Management (ISM) will publish its July Manufacturing Purchasing Managers’ Index (PMI) on Monday. Market participants are geared up for the data, with consensus pointing to a strong print.

A reading above 50 signals expansion in the manufacturing sector, and analysts expect the index to stay firmly in growth territory. The release could influence near-term sentiment toward the US economy and risk assets.