PMI, Jobs & Unemployment updates - Economic Calendar (week of 03Feb2025)

KYHBKO
08:22

Public Holidays

China is closed on 3rd Feb 2025 to celebrate Chinese New Year. There is no public holidays in America, Hong Kong and Singapore in the coming week.

Economic Calendar (03Feb2025)

China is closed on 3rd Feb 2025 as they celebrate Chinese Lunar New Year.

Notable Highlights

  • The S&P Global manufacturing PMI is expected to be 50.1. This represents a slight growth compared to the previous. ISM manufacturing PMI will also be released. This represents the growth or contraction of the manufacturing industry. ISM manufacturing prices will be released. A figure of above 50 implies an increase in manufacturing cost. This can lead to inflationary costs that are passed onto the consumers.

  • S&P Global Services PMI is expected to hit 52.8. This implies a growth in the global services sector. ISM non-manufacturing PMI shows us the growth or contraction in the non-manufacturing or services sector. ISM non-manufacturing prices reflect the cost increase or decrease for the non-manufacturing or services sector. With a previous figure of 64.4, there seems to be much cost increase for the non-manufacturing (services) sector.

  • ADP Nonfarm employment change and JOLTS job opening will also be unveiled in the coming week. Together with average hourly earnings and non-farm payroll, we can get a pulse of the employment market. The above data will provide a good overview of the employment situation in America

  • Initial jobless claims will be announced. The Federal Reserve uses this as one of the key macro data references as it balances inflation and employment in the economy.

  • Crude Oil Inventories can be seen as forward indicators of market demand and consumption. If the trend of excess inventories continues, demand erosion can lead to reduced production & weakening consumer spending.

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