In Brief: major data releases of the week
Monday, 1 June 2026
– US ISM Manufacturing: Consensus expects a reading of 53.1, just above the 52.7 print in April. Focus will be on prices paid after they touched a near 4-year high last time. Manufacturing is currently relatively buoyant due to recent order strength and tariff-related reshoring.
Wednesday, 3 June 2026
– Eurozone CPI: Consensus sees the headline ticking up two-tenths to 3.2% and the core to 2.4%. The spotlight is on whether higher energy prices and the Middle East conflict might impact or are already impacting price data and second round effects. ‘Supercore’, which is components most sensitive to economic activity, and trimmed mean, which strips out the biggest component moves up or down,  remain at historically modest levels.
Thursday, 4 June 2026
-US ISM Services: May non-manufacturing ISM is forecast to come in marginally higher at 53.7. Recent business confidence and the labour market picture have been weakening with higher inflation, rates and increased political uncertainty dampening the outlook for activity.
Friday, 29 May 2026
-US Non-Farm Payrolls: The headline is expected to print at around 95k jobs in May, above the prior 115k. The unemployment rate is predicted to remain at 4.3% and wage growth is seen one-tenth lower at 0.3%. We’ve had recent solid weekly ADP and muted initial jobless claims data.
-Canada Jobs: The headline is forecast to see 10k jobs added in May, more than the prior 17.7k contraction The jobless rate is seen steady at 6.9%. The BoC is data dependent at present, with uncertainty still high on Middle East and tariff tensions.
