Upcoming economic events 5 May 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
13:45		2 points	S&P Global Composite PMI (Apr)	51.2	53.5
13:45		3 points	S&P Global Services PMI (Apr)	51.4	54.4
14:00		2 points	ISM Non-Manufacturing Employment (Apr)	———-	46.2
14:00		3 points	ISM Non-Manufacturing PMI (Apr)	50.6	50.8
14:00		3 points	ISM Non-Manufacturing Prices (Apr)	———-	60.9
17:00		2 points	3-Year Note Auction	———-	3.784%

Summary of Upcoming Economic Events on May 5, 2025

United States (🇺🇸)

1. S&P Global Composite PMI (Apr) – 13:45 UTC
   • Forecast: 51.2 | Previous: 53.5
2. S&P Global Services PMI (Apr) – 13:45 UTC
   • Forecast: 51.4 | Previous: 54.4
   • Market Impact:
     • A decline in PMI values may suggest slowing service sector momentum, potentially dampening USD strength.
3. ISM Non-Manufacturing Data – 14:00 UTC
   • Employment Index: Previous: 46.2
   • PMI (Apr): Forecast: 50.6 | Previous: 50.8
   • Prices Index: Previous: 60.9
   • Market Impact:
     • Soft employment or PMI readings could reinforce expectations for Fed easing.
     • High prices index could counterbalance by signaling persistent inflation pressures.
4. 3-Year Note Auction – 17:00 UTC
   • Previous Yield: 3.784%
   • Market Impact:
     • Monitored for demand in short-term U.S. debt; weak demand might suggest concerns about rate path or fiscal outlook.

Market Impact Analysis

• USD and U.S. equities will be sensitive to services PMI and ISM data, as they reflect consumer-driven economic strength.
• A cooldown in service sector activity or employment may push the Fed toward more dovish tones, weighing on the dollar.
• If inflation in services prices remains elevated, it may delay any rate cuts, adding mixed signals.

Overall Impact Score: 6/10

Key Focus: ISM Non-Manufacturing and S&P Services PMIs – both are pivotal for assessing U.S. economic resilience and Fed policy direction.