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ISM Manufacturing PMI Preview: Upside Surprise Risk Builds Ahead of Monday’s US Factory Data
ISM Manufacturing PMI Preview: Upside Surprise Risk Builds Ahead of Monday’s US Factory Data. The next major US macro test arrives on Monday 1 June 2026 at 15:00 UK time, with the release of the May ISM Manufacturing PMI and the accompanying ISM Manufacturing Employment Index. The street is looking for a broadly stable manufacturing print, with consensus around 52.6 and forecast at 53.0, following April’s 52.7 reading. Our call is more constructive. We expect the headline ISM Manufacturing PMI to print closer to 53.7, implying a moderate but meaningful upside surprise versus consensus. For the employment ... (full story)