Economic Calendar Overview: Employment Cost Index and Chicago PMI Data Releases
The upcoming economic calendar features critical labor market indicators, specifically the Employment Cost Index (ECI). Market participants are closely monitoring ECI data, with expectations suggesting a 0.8 percent increase in total employee compensation costs for Q3 compared to Q2. Additionally, the Institute for Supply Management (ISM) is scheduled to release the Chicago PMI report. These indicators collectively provide essential insights into wage inflation trends and manufacturing activity levels within the Chicago region, which may influence broader macroeconomic assessments and central bank policy expectations.
Topics: Chicago PMI Employment Cost Index inflation labor costs