Author: Dan Patrick
Dan Patrick
Dan Patrick is the founder and lead analyst at TerraBullMarkets, publishing high-conviction, “A+ only” FX trade setups and concise London-session macro briefings. Views are his own; this is not investment advice.
ISM Manufacturing PMI – What to Expect – 01.10.25 On Wednesday, 1 October 2025 (15:00 UK), the Institute for Supply Management (ISM) will release the September Manufacturing PMI and components, a market-moving gauge of U.S. factory activity that shapes views on growth momentum, inflation pressures, and interest-rate expectations. Our base case considers the latest available data releases, including the S&P Global flash PMI, September regional Fed manufacturing surveys (New York, Philadelphia, Richmond, Dallas, Kansas City), August hard data (industrial production, durable goods/core capex), and late-September cost dynamics, most notably energy. Base case – Our Call vs Street Estimates Series Prev…