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Nonfarm payrolls and PMI data in focus
Next week’s most important data release will be the non-farm payrolls report from the United States on Friday. However, before this, there are other important data as well.
On Monday, industrial output numbers are issued in Japan. Following from this, flash inflation figures are released in Spain and Germany. Focus then shifts to personal income data and pending home sales numbers in the US.
On Tuesday, Australia publishes new home sales data, while Japan sees the release of housing starts numbers.
The UK sees the final estimate of fourth quarter GDP numbers. Forecasts suggest that the economy expanded by 0.5% in the final three months of last year, but data for 2015 so far are suggesting that growth is likely to have picked up again.
Also on Tuesday, we will see unemployment and inflation data for the Eurozone.
Meanwhile, the US sees the publication of consumer confidence numbers and Case/Shiller home price information.
In Canada, monthly GDP data are issued.
Wednesday is a busy day with PMI numbers out for several countries. Final PMI data for China, including services are due. These will be important to watch to gain some insight into the world’s second largest economy. Markit will also release manufacturing PMI data for the Eurozone. The report will include more national detail, after a flash estimate showed the sector expanding at the strongest rate for ten months. Also, the UK manufacturing PMI will be released and will provide first insights into how the UK economy is performing at the end of the first quarter.
The US sees the release of ADP employment data and construction spending numbers.
On Thursday, the UK’s Markit/CIPS UK Construction PMI will be released. Trade balance data are meanwhile published in Australia and Canada. In the US, trade data, factory orders figures and initial jobless claims numbers are updated.
On Friday, services PMI data are due for Japan and China.
Then the all-important release of the US non-farm payrolls and unemployment data will be released. In February, non-farm payrolls beat forecasts and rose to 295,000 jobs, with the unemployment rate falling to 5.5%.
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