Economic Calendar: – 3rd to 7th AugustAugust 3, 2015 1:50 pm
Economic Calendar: economic news coming up this week in August
This week’s Economic Calendar unsurprisingly focuses its attention on what has been dubbed ‘Super’ Thursday. See below for this weeks economic calendar.
Monday 3rd August
(UK) Markit Manufacturing PMI (Jul) – Manufacturing PMI Homepage gives an indication on market conditions and helps to show the strength and condition of the economy.
(EU) Markit Manufacturing PMI (Jul) – As above.
(US) ISM Manufacturing PMI & ISM Prices Paid (Jul) – Manufacturing PMI as above. ISM Prices paid takes into account Manufacturing PMI but also future production and orders.
Tuesday 4th August
(UK) PMI Construction (Jun) – gives an indication on market conditions within the construction industry.
(EU) No news!
(US) No news!
Wednesday 5th August
(UK) No news!
(EU) Markit Services PMI & Retail Sales (YoY)(Jun) – Markit Services PMI gives an overview of the sales and employment condition in the Eurozone. The retails sales compiled by Eurostats – measures sales within the Eurozone retail sector. The previous data was 2.4% – this time the consensus suggest a contraction to 1.9%.
(US) Markit Services PMI, Trade Balance – Markit services PMI as above. Trade Balance shows the balance between the exports and imports. A positive value shows a trade surplus whilst negative results shows a trade deficit.
Thursday 6th August
(UK) Bank of England Announcements: – Asset Purchasing, Rate Decision & Inflation Report. Key reports coming out this week will point towards whether a rates rise will occur this year. It’s likely to announce that a few of the members have voted for a rates rise. This will be keenly watched by investors and homeowners alike, as rates rises could well add extra £’s onto mortgage repayments.Read the full MPC statement here.
(EU) No news!
(US) Weekly Jobless claims – compiled to show new unemployment claims.
Friday 7th August
(UK) Goods Trade Balance & Total Trade Balance:- Trade Balance shows the balance between the exports and imports. A positive value shows a trade surplus whilst negative results shows a trade deficit.
(EU) German Imports (MoM)(Jul) & Current Account n.s.a (Jun) – Imports results derived from transaction in goods and services. The current account data shows the flow of capital into Germany from goods, services and interest payments. The results will be watched by many to see how the EU’s powerhouse is performing.
(US) Unemployment Rate (Jul) & Nonfarm Payrolls (Jul): – Unemployment rate indicates to the strength of the US labor market. Nonfarm payrolls account for the number of people not on agricultural payroll. The previous rate was 223K and is anticipated to fall slightly or stay the same.
Verdict:- Not a huge amount going in during the week until we get to Thursday, already dubbed ‘super’ Thursday. UK investors will be keen to know the outcome. Keep an eye out on the news as it will be vital news for the UK economy and for homeowners. Roll on ‘Super’ Thursday!
Article by Michael Cooper