The S&P Global preliminary PMIs for November are likely to show little variation from the October final readings.
Markets are undecided on whether the Federal Reserve will lower the policy rate again in December.
EUR/USD remains technically bearish ahead of the PMI data.
S&P Global will publish the preliminary estimates of the United States (US) Purchasing Managers Indexes (PMIs) for November on Friday. The indexes result from surveys of the senior executives in the private sector. They are meant to indicate the overall health of the economy, providing insights into key economic drivers such as GDP, inflation, exports, capacity utilization, employment and inventories.
S&P Global releases three indexes: the Manufacturing PMI, the Services PMI the Composite PMI, which is a weighted average of the two sectors. Readings above 50 indicate that economic activity in the private sector is expanding, while figures below 50 represent contraction. These indexes are released every month in advance of other official figures, becoming a key leading indicator of the status of the economy.
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