HERE COMES ISM MANUFACTURING ...

car manufacturing

Heads up! Minutes away from the key economic data release of the day: ISM’s monthly manufacturing report, due out at 10 AM ET.

Economists predict the headline index will decline to 50.5 from last month’s 51.3 reading, indicating a decleration in the growth of American manufacturing in April.

Earlier this morning, Markit’s U.S. manufacturing PMI survey indicated similar results.

We will have the full release LIVE at 10 AM ET. Click here to refresh for the latest >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.