Week Ahead: Economic Indicators (Europe)
Hey, Traders!
For the December 30th week, here is a list of all of the major economic indicators being released during the EU Session, with a brief synopsis of what they represent and what to possibly expect from the markets in reaction.
Thursday 2nd January
03:50 ET
French Manufacturing PMI
The Manufacturing Purchasing Managers’ Index (PMI) provides an estimate of manufacturing business activity for the preceding month by using information obtained from a representative sector survey incorporating around 400 companies. Results are synthesised into a single index which can range between zero and 100.
What to expect:
A reading above (below) 50 signals rising (falling) activity versus the previous month, and the closer to 100 (zero), the faster is activity growing (contracting).
03:55 ET
German Manufacturing PMI Final
The Manufacturing Purchasing Managers’ Index (PMI) provides an estimate of manufacturing business activity for the preceding month by using information obtained from a representative sector survey incorporating around 400 companies. Results are synthesised into a single index which can range between zero and 100.
What to expect:
A reading above (below) 50 signals rising (falling) activity versus the previous month, and the closer to 100 (zero), the faster is activity growing (contracting).
04:00 ET
Eurozone Manufacturing PMI Final
The Manufacturing Purchasing Managers’ Index (PMI) provides an estimate of manufacturing business activity for the preceding month by using information obtained from a representative sector survey incorporating around 400 companies. Results are synthesised into a single index which can range between zero and 100.
What to expect:
A reading above (below) 50 signals rising (falling) activity versus the previous month, and the closer to 100 (zero), the faster is activity growing (contracting).
04:30 ET
UK Manufacturing PMI Final
The Manufacturing Purchasing Managers’ Index (PMI) provides an estimate of manufacturing business activity for the preceding month by using information obtained from a representative sector survey incorporating around 400 companies. Results are synthesised into a single index which can range between zero and 100.
What to expect:
A reading above (below) 50 signals rising (falling) activity versus the previous month, and the closer to 100 (zero), the faster is activity growing (contracting).
Friday 15th November
03:55 ET
German Unemployment Rate
The unemployment rate is calculated by the Federal Employment Agency based on the number of unemployed persons as a percentage of the number of all civilian members of the labour force (dependant civilian employed persons, the self-employed family workers and unemployed). Unemployed is defined as persons between the ages of 15 and 65 and who are without employment or only with short-time employment (currently less than 15 hours per week) and seeking employment of at least 15 hours per week subject to compulsory insurance.
What to expect:
If labour markets are tight, investors will be alert to possible inflationary pressures that could exist. If wage inflation threatens, it’s a good bet that interest rates will rise; bond and stock prices will fall. In contrast, when job growth is slow or negative, then interest rates are likely to decline, boosting up bond and stock prices in the process.
03:55 ET
German Unemployment Change SA
The Unemployment Change released by the Bundesagentur für Arbeit and published by the German Statistics Office is a measure of the absolute change in the number of unemployed people in Germany using seasonally adjusted data.
What to expect:
A rise in this indicator has negative implications for consumer spending, as there’s less people working and therefore diminishes economic growth in the country. Generally, a reading above expected is seen as negative (or bearish) for the EUR, while a low reading is seen as positive (or bullish).
