ISM Manufacturing Index Might Decline Further To This Level In July, Here Are The Major Macro Issues For Monday

The Dow Jones jumped by more than 300 points on Friday despite Procter & Gamble Company PG reporting mixed results for its fourth quarter.

Below is a look at the major economic reports scheduled for release today.

The manufacturing PMI for July is scheduled for release at 9:45 a.m. ET. The final manufacturing PMI for July is likely to hold at the 52.3 flash level, which was the weakest reading in two years.
The ISM manufacturing index for July will be released at 10:00 a.m. ET. The ISM manufacturing index, which moved lower to 53.0 in June, is expected to slow further to 52.2 in July.
Data on construction spending for June will be released at 10:00 a.m. ET. After 0.1% decline in May, analysts expect construction spending rebounding slightly by 0.2% in June.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.