Highlights
French industrial production is seen falling 0.2 percent in January versus December when it jumped a surprisingly steep 1.1 percent.
No revisions are expected to the French PMI for February, leaving the composite output index at 47.7, up from January's final 44.6.
In German PMI data, no revisions are also expected for February, leaving the composite output index at 46.1, down from January's final 47.0.
Italy's final GDP data for the fourth quarter is expected to show no revisions, leaving quarterly growth at 0.2 percent and the annual change at 0.5 percent.
No revisions are expected to Eurozone PMI, leaving the composite output index at 48.9, up from January's final 47.9.
In the UK, no revisions are expected to the February PMI, leaving the composite output index at 53.3, up from January's final 52.9.
In the Eurozone, producer prices have shown sustained weakness and are expected to fall 8.1 percent on the year in January, which would compare with 10.6 percent contraction in December.
No change at the mid-month's 51.3 is the consensus for the US services PMI's February final. This index ended January at 52.5.
Factory orders are expected to fall 3.0 percent on the month in January after December's very modest 0.2 percent gain. Durable goods orders for January, which have already been released and are one of two major components of this report, fell 6.1 percent on the month due to a swing lower in aircraft orders.
Business activity in the US services sector is expected to be in positive territory for the 14th straight month in February. The key index compiled by the Institute for Supply Management (ISM) is forecast at 53.0, down slightly from January, when it surged 2.9 points to a four-month high of 53.4 on higher new orders at the start of the year. The January survey showed firms were concerned about lingering cost pressures and geopolitical risks. Supply deliveries were delayed by bad domestic weather, the impact of attacks in the Red Sea and congestion at the drought-hit Panama Canal.
In South Korea, consume inflation is forecast to accelerate to 3.0 percent in February from 2.8 percent in January. On the month, the CPI is expected to rise 0.4 percent after rising at the same pace in January.
Australia is expected to show modest GDP growth, up 0.3 percent on quarter in October-December following a similar 0.2 percent expansion in the previous quarter. The year-over-year rate of growth is forecast at 1.4 percent, slowing from 2.1 percent.
No revisions are expected to the French PMI for February, leaving the composite output index at 47.7, up from January's final 44.6.
In German PMI data, no revisions are also expected for February, leaving the composite output index at 46.1, down from January's final 47.0.
Italy's final GDP data for the fourth quarter is expected to show no revisions, leaving quarterly growth at 0.2 percent and the annual change at 0.5 percent.
No revisions are expected to Eurozone PMI, leaving the composite output index at 48.9, up from January's final 47.9.
In the UK, no revisions are expected to the February PMI, leaving the composite output index at 53.3, up from January's final 52.9.
In the Eurozone, producer prices have shown sustained weakness and are expected to fall 8.1 percent on the year in January, which would compare with 10.6 percent contraction in December.
No change at the mid-month's 51.3 is the consensus for the US services PMI's February final. This index ended January at 52.5.
Factory orders are expected to fall 3.0 percent on the month in January after December's very modest 0.2 percent gain. Durable goods orders for January, which have already been released and are one of two major components of this report, fell 6.1 percent on the month due to a swing lower in aircraft orders.
Business activity in the US services sector is expected to be in positive territory for the 14th straight month in February. The key index compiled by the Institute for Supply Management (ISM) is forecast at 53.0, down slightly from January, when it surged 2.9 points to a four-month high of 53.4 on higher new orders at the start of the year. The January survey showed firms were concerned about lingering cost pressures and geopolitical risks. Supply deliveries were delayed by bad domestic weather, the impact of attacks in the Red Sea and congestion at the drought-hit Panama Canal.
In South Korea, consume inflation is forecast to accelerate to 3.0 percent in February from 2.8 percent in January. On the month, the CPI is expected to rise 0.4 percent after rising at the same pace in January.
Australia is expected to show modest GDP growth, up 0.3 percent on quarter in October-December following a similar 0.2 percent expansion in the previous quarter. The year-over-year rate of growth is forecast at 1.4 percent, slowing from 2.1 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.
