The latest report on business activity in New York City from the Institute of Supply Management is set for release at 9:45 a.m. ET.
Economists estimate that the October index rose to 45.7 from 44.5 in the prior month, according to Bloomberg.
The report would provide more color on American manufacturing and overall business activity from one of the country's most important cities.
On Monday, ISM's manufacturing PMI came in at 50.1, missing contractionary territory by 0.2 points. Some economists though this meant the worst may be over for manufacturing.
But the report from the index from the New York Fed on manufacturing in the region has been in contraction for the last few months, and fell to the lowest since 2009 in August.
