On Tap Today: Watch for the Purchasing Index of Big Shoulders - TheStreet

On the last day of the third quarter, a fresh batch of economic data hits the Street.

Headlining today's releases is the

Chicago Purchasing Managers' Index, the most significant economic report this week, which holds the potential to move markets.

Along with the

Philadelphia Fed Index, the Chicago index is a good gauge of what to expect from the national

Purchasing Managers' Index, which comes out a few days later.

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 8:30 a.m.: Personal income for August. Source: Commerce Department. Forecast: +0.3%. Previous: +0.3%. Consumption. Forecast: +0.3%. Previous: +0.6%.
  • 8:30 a.m.: APICS Business Outlook Index for September. Source: APICS. Forecast: N/A. Previous: 51.5.
  • 10 a.m.: Chicago Purchasing Managers' Index for September. Source: National Association of Purchasing Management -- Chicago. Forecast: 48.5. Previous: 46.5.
  • 10 a.m.: Consumer Sentiment Index for September. Source: University of Michigan. Forecast: 108.4. Previous: 108.8 (September prelim.), 107.3 (August).