Here are the ranges of estimates for the ISM services PMI and ADP jobs number: need 2 know

  • Data results that fall outside of market low and high expectations tend to move markets more significantly

ICYMI, I posted this info during the Asian session:

If you'd like to grab the range of estimates and why they are important, check out that link.

However, if you just want the numbers, the consensus median is in the screenshot below, while the ranges:

  • ISM Services PMI 49.1 to 52.5. This is due at 1000 US Eastern time.
  • While I'm at it, the other notable release is the ADP jobs number, range is 120k to 190k. This is due at 0815 US Eastern time.
ism services pmi may 2024 preview 2

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