Economy

The ISM Manufacturing PMI for July 2026 is due August 3 at 10:00 a.m. ET, following six consecutive months of expansion and a June composite reading of 53.3. Key subindexes to watch include Prices, which fell sharply in June but remained elevated at 73.0, and New Export Orders, which slipped into contraction at 48.5. The report arrives alongside a Q2 GDP advance estimate of 1.5 percent annual growth, a held federal-funds rate of 3.5 to 3.75 percent, and three Fed dissents favoring a rate hike at the July 29 meeting.

The Federal Reserve is scheduled to publish its Q2 2026 Senior Loan Officer Opinion Survey on August 3, 2026, at 2:00 p.m. EDT, marking the first credit-conditions read covering the period during which the FOMC held its federal-funds target range at 3-1/2 to 3-3/4 percent across five straight meetings. The preceding April 2026 survey found C&I lending standards net tighter for firms of all sizes, mixed CRE results depending on bank size and property type, and largely unchanged household credit standards. Because the Q2 release had not been posted as of August 2, no directional findings, respondent counts, or special-question topics for the new edition can be reported ahead of publication.