Highlights
In Germany, no revisions are expected to the provisional CPI estimate for February, leaving a 0.8 percent monthly increase and an 8.7 percent annual inflation rate, the unchanged from January's final post.
Among UK data, manufacturing output is forecast to slip 0.2 percent on the month in January after a 0.3 percent in December while industrial production is expected to fall 0.2 percent after being flat.
The deficit in the UK's merchandise trade is expected to narrow from £19.17 billion in December to £18.0 billion.
Britain's GDP in the month of January is expected to edge 0.1 percent higher versus 0.5 percent contraction in December.
In the US, a 223,000 rise is the call for nonfarm payroll growth in February, slowing from a 517,000 jump in January which, for the fourth month in a row, was at the top of Econoday's consensus range and nearly doubled Econoday's high estimate. January was the ninth straight month and 11th of the last 12 that payroll growth exceeded Econoday's consensus. Average hourly earnings in February are expected to rise 0.3 percent on the month to match January's rise.
Canada's labor market conditions are also very tight, as the Bank of Canada described in its policy statement Wednesday. The latest Labour Force Survey is expected to show the increase in employment in February slowed to a more normal pace of 10,000 from January's 150,000 surge and December's 104,000, both of which were far stronger than expected. February's unemployment rate is expected to rise a tenth to 5.1 percent.
In the US Treasury statement, forecasters see a $268.9 billion deficit in February that would compare with a $216.6 billion deficit in February a year-ago and a deficit in January this year of $38.8 billion. February is the fifth month of the government's fiscal year.
Among UK data, manufacturing output is forecast to slip 0.2 percent on the month in January after a 0.3 percent in December while industrial production is expected to fall 0.2 percent after being flat.
The deficit in the UK's merchandise trade is expected to narrow from £19.17 billion in December to £18.0 billion.
Britain's GDP in the month of January is expected to edge 0.1 percent higher versus 0.5 percent contraction in December.
In the US, a 223,000 rise is the call for nonfarm payroll growth in February, slowing from a 517,000 jump in January which, for the fourth month in a row, was at the top of Econoday's consensus range and nearly doubled Econoday's high estimate. January was the ninth straight month and 11th of the last 12 that payroll growth exceeded Econoday's consensus. Average hourly earnings in February are expected to rise 0.3 percent on the month to match January's rise.
Canada's labor market conditions are also very tight, as the Bank of Canada described in its policy statement Wednesday. The latest Labour Force Survey is expected to show the increase in employment in February slowed to a more normal pace of 10,000 from January's 150,000 surge and December's 104,000, both of which were far stronger than expected. February's unemployment rate is expected to rise a tenth to 5.1 percent.
In the US Treasury statement, forecasters see a $268.9 billion deficit in February that would compare with a $216.6 billion deficit in February a year-ago and a deficit in January this year of $38.8 billion. February is the fifth month of the government's fiscal year.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
