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April 06, 2026
U.S. March ISM Services - Slower but far from weak, with inflationary pressure rising
April 6, 2026 2:15 PM UTC
March’s ISM services index of 54.0 is weaker than expected and down from February’s 56.1 which was the strongest since July 2022. However, March’s reading remains higher than in every month of 2025, contrasting the S and P services PMI, which on Friday was revised down to a below neutral 49.8
Preview: Due April 7 - U.S. February Durable Goods Orders - Aircraft to slip, but ex transport trend is firm
April 6, 2026 1:32 PM UTC
We expect February durable goods orders to decline by 2.2% on a correction from recent strength in aircraft, though ex transport we expect continued underlying strength to be shown, with a rise of 0.7%.
April 03, 2026
Preview: Due April 14 - U.S. March PPI - Strongest since March 2022
April 3, 2026 4:51 PM UTC
We expect PPI to rise by 1.0% in February, which would be the strongest rise since March 2022. The rise will be led by energy, though the core rates ex food and energy at 0.5% and ex food, energy and trade at 0.4% are likely to maintain a recent acceleration.
Preview: Due April 16 - U.S. March Industrial Production - Moderate manufacturing gain, stronger overall
April 3, 2026 2:50 PM UTC
We expect a 0.5% increase in March industrial production with the increase coming from a 0.3% rise in manufacturing, while gains of 1.0% in utilities and 1.2% in mining will each add around 0.1% to the total.
Preview: Due April 6 - U.S. March ISM Services - February strength difficult to sustain
April 3, 2026 1:46 PM UTC
We expect March’s ISM services index to slip to 55.0 from February’s 56.1, which in being the highest reading since July 2002 looked unsustainably high, even ahead of the Middle East conflict.
U.S. March Employment - Strong report suggests risks clearly higher on the inflation side
April 3, 2026 1:27 PM UTC
March’s non-farm patrol is clearly on the strong side of expectations, up by 178k and an even stronger 186k in the private sector, with minimal net downward revisions of 7k. Unemployment unexpectedly fell to 4.3% from 4.4%. Less positive are a lower than expected 0.2% rise in average hourly earnin
April 02, 2026
Preview: Due April 13 - U.S. March Existing Home Sales - Trend near flat, downside risk in Q2
April 2, 2026 5:41 PM UTC
We expect a marginal 0.2% increase in March existing home sales to 4.10m leaving trend with little direction. Going forward, the Iran war poses downside risks in Q2, depending on its duration.
Preview: Due April 3 - U.S. March Employment (Non-Farm Payrolls) - A boost from returning strikers, but trend subdued
April 2, 2026 1:57 PM UTC
We now expect March’s non-farm payroll to rise by 50k overall and by 60k in the private sector, both revised up by 30k due to the ending of strikes, largely in health, as shown in Friday’s strike report. This is still consistent with a subdued labor market picture, which a rise in unemployment
U.S. February trade shows gains in both exports and imports, Initial Claims very low
April 2, 2026 1:18 PM UTC
The latest US data suggests a resilient economy ahead of the oil shock, with a narrower than expected February trade deficit of $57.3bn, and while up from $54.7bn in January shows strong rises in both experts and imports, by 4.2% and 4.3% respectively. Weekly initial claims at 202k from 211k are sur