Wall Street will have a few pieces of economic data to chew on today, with the
Chicago Purchasing Managers' Index and the
personal income and consumption report receiving the lion's share of investors' attention.
The CPMI serves as a barometer of health in the manufacturing sector -- it signals factory-sector expansion when it rises above 50 and contraction when it drops below that number. Among economists, it is considered a good gauge of what to expect from the PMI, which is due out Monday. The CPMI should have a major impact on today's trading session. The personal income and spending report, albeit a bit dated, could play a factor as well.
University of Michigan's
consumer sentiment report for March (final) is slated for release at 10 a.m. Forecasts call for a reading of 90.2 as compared with 90.6 the previous month.
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 8:30 a.m.:
Personal Income for February. Source:
Commerce Department. Forecast: +0.3%. Previous: +0.6%.
Consumption: Forecast: +0.3%. Previous: +0.7%.
Chicago Purchasing Managers' Index for March. Source:
National Association of Purchasing Management Chicago. Forecast: 43.1. Previous: 43.2.
Consumer Sentiment Index for March -- final. Source:
University of Michigan. Forecast: 90.2. Previous: 90.6 (February).