Highlights
In Germany, the Gfk consumer climate index is expected to continue sliding to minus 26.8 for November from minus 26.5 in October and minus 25.6 in September. This reading has been steady at historically weak levels.
The UK labour market report is expected to show the ILO jobless rate was steady at 4.3 percent in the three months to August. This piece of data will complete the labour market report released in only partial form last week due to an inadequate initial response to the survey.
The initial reading of the French composite output index for the October PMI data is forecast at 44.2, up marginally from September's final 44.1 but still in recession territory
In the German purchasing managers' index (PMI) data, manufacturing has contracted for 15 months in a row and very deeply so once again in September at 39.6. No significant improvement is expected for October where the consensus is 40.0. Services, at 50.3 in September, is seen at 50.1. Consensus for October's composite is 46.7 following September's 46.4.
The Eurozone PMI is expected to show the manufacturing sector index rose slightly to 43.7 in October from 43.4 in September while the services index was unchanged at 48.7. Manufacturing has been in contraction for the last 15 months straight while services in September held in contraction for a second straight month.
In the UK PMI data, services, at 49.3 in September, sank into sub-50 contraction for the second straight month and is not expected to emerge in October where the consensus is 49.5. Manufacturing, which has been in sub-50 contraction for 14 months in a row, is seen at 44.8 versus 44.3. The composite is expected to edge higher to 48.8 from September's 48.5.
The US PMI is also expected to indicate slower activity. Services have held in the 50 column the last eight reports but have been noticeably slowing with the consensus for October at 49.4 versus September's 50.1. Manufacturing, at 49.8 in September, is expected to edge lower to 49.5 in August.
The year-over-year drop in Taiwan's industrial production is seen decelerating to 8.40 percent in September from 10.53 percent in August.
Australia's elevated inflation is likely to show a marked slowdown on a year-over-year basis to 5.3 percent in the July-September quarter from 6.0 percent in April-June and 7.0 percent in January-March but upward pressures are expected to pull the quarter-over-quarter increase to 1.1 percent in Q3 from 0.8 percent in Q2 (that would be still lower than Q1's 1.4 percent). Likewise, the monthly CPI data for September is forecast to show an uptick to 5.3 percent from 5.2 percent.
The UK labour market report is expected to show the ILO jobless rate was steady at 4.3 percent in the three months to August. This piece of data will complete the labour market report released in only partial form last week due to an inadequate initial response to the survey.
The initial reading of the French composite output index for the October PMI data is forecast at 44.2, up marginally from September's final 44.1 but still in recession territory
In the German purchasing managers' index (PMI) data, manufacturing has contracted for 15 months in a row and very deeply so once again in September at 39.6. No significant improvement is expected for October where the consensus is 40.0. Services, at 50.3 in September, is seen at 50.1. Consensus for October's composite is 46.7 following September's 46.4.
The Eurozone PMI is expected to show the manufacturing sector index rose slightly to 43.7 in October from 43.4 in September while the services index was unchanged at 48.7. Manufacturing has been in contraction for the last 15 months straight while services in September held in contraction for a second straight month.
In the UK PMI data, services, at 49.3 in September, sank into sub-50 contraction for the second straight month and is not expected to emerge in October where the consensus is 49.5. Manufacturing, which has been in sub-50 contraction for 14 months in a row, is seen at 44.8 versus 44.3. The composite is expected to edge higher to 48.8 from September's 48.5.
The US PMI is also expected to indicate slower activity. Services have held in the 50 column the last eight reports but have been noticeably slowing with the consensus for October at 49.4 versus September's 50.1. Manufacturing, at 49.8 in September, is expected to edge lower to 49.5 in August.
The year-over-year drop in Taiwan's industrial production is seen decelerating to 8.40 percent in September from 10.53 percent in August.
Australia's elevated inflation is likely to show a marked slowdown on a year-over-year basis to 5.3 percent in the July-September quarter from 6.0 percent in April-June and 7.0 percent in January-March but upward pressures are expected to pull the quarter-over-quarter increase to 1.1 percent in Q3 from 0.8 percent in Q2 (that would be still lower than Q1's 1.4 percent). Likewise, the monthly CPI data for September is forecast to show an uptick to 5.3 percent from 5.2 percent.
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.
