US ISM Manufacturing PMI October 2026: date, forecast and previous
Released: (Fri, Oct 23, 9:45 AM EDT)
Forecast and previous are shown exactly as listed on the Forex Factory calendar feed (feed title: “Flash Manufacturing PMI”). FXMARE does not publish actual figures for this release.
What to expect
The consensus forecast of 55.4 is below the previous reading of 57.0, so the market expects a lower US ISM Manufacturing PMI figure than last time.
What it is
The Institute for Supply Management (ISM) Manufacturing PMI is a monthly diffusion index built from a survey of purchasing managers at roughly 300 industrial companies. Readings above 50 signal expansion in the factory sector while readings below 50 signal contraction. The headline is assembled from five equally weighted sub-indices — new orders, production, employment, supplier deliveries and inventories.
Why it matters to traders
Manufacturing is highly cyclical, so the ISM is one of the earliest and most reliable reads on the health of the US economy. A surprise relative to forecast moves the dollar and Treasury yields immediately because traders use it to recalibrate the odds of the next Fed move. The new-orders and prices-paid sub-indices are watched closely for forward-looking demand and inflation signals.
Educational only — not a trade recommendation or a prediction of the outcome.
See the full US ISM Manufacturing PMI guide for other releases, or the live economic calendar.