Here comes Markit manufacturing PMI ...
We're about to find out how the US manufacturing industry performed last month.
At 9:45 a.m. ET, Markit Economics will release its final purchasing manager's index (PMI) for the month, forecast at 51.5 according to Bloomberg.
Then at 10 a.m., the Institute of Supply Management (ISM) will release its PMI, expected at 51.
These two forecasts reflect that economists expect the data to show some improvement in the sector, which has been hurt by the downturn in the energy sector and the strong US dollar.
Regional surveys from Richmond, New York, Philadelphia and Chicago showed sharp improvements for the month.
But Friday's jobs report indicated that the sector is still bleeding jobs. Manufacturing jobs fell 29,000 in March, recording the worst month in six years.