U.S. manufacturing activity and short-term borrowing costs will be in focus on Monday as the Chicago Purchasing Managers' Index and Dallas Fed Manufacturing Business Index are published alongside Treasury bill auctions.
The Chicago PMI, due at 8:45 a.m. ET, is forecast at 57.8, slightly above July’s 57.6 reading, indicating continued expansion in the regional manufacturing sector. The index measures business conditions in the Chicago region, with readings above 50 signaling growth and below 50 pointing to contraction.
At 9:30 a.m. ET, the Dallas Fed Manufacturing Business Index will be released. The prior month’s reading stood at 1.3, reflecting modest expansion in Texas factory activity. The index surveys firms on output, employment, orders, and prices, with positive values signaling growth.
Separately, the U.S. Treasury will conduct 3-month and 6-month bill auctions at 10:30 a.m. ET. The prior 3-month bill auction yielded 3.715%, while the 6-month bill auction yielded 3.790%, reflecting investor demand for short-term government debt.
The data releases follow a week of mixed signals on U.S. economic momentum, with investors monitoring manufacturing trends for signs of stabilization or further softening amid shifting policy expectations.
