Here's the Economic Calendar for the week commencing the 2nd of January 2011. Welcome to 2011, may it be a year of health, success and prosperity for you! And what better way to start the first week of 2011 than a look at some of the upcoming economic events! This week there's December PMI figures out from the US, and most EU economies, there's also initial estimates on EU CPI - as well as the final estimate of Q3 GDP. And of course one of the main events will be the US nonfarm payrolls report on Friday (with similar data due from Canada).
(More commentary follows the table)
| Date | GMT | Country/ Currency | Event | Forecast | Previous |
| MON | 08:45 | EUR | Italian PMI Manufacturing (DEC) | 52.20 | 52.00 |
| MON | 08:50 | EUR | French PMI Manufacturing (DEC F) | 56.30 | 56.30 |
| MON | 08:55 | EUR | German PMI Manufacturing (DEC F) | 60.90 | 60.90 |
| MON | 09:00 | EUR | Euro-Zone PMI Manufacturing (DEC F) | 56.80 | 56.80 |
| MON | 15:00 | USD | ISM Manufacturing (DEC) | 57.00 | 56.60 |
| MON | 15:00 | USD | ISM Prices Paid (DEC) | 71.30 | 69.50 |
| TUE | 09:30 | GBP | Purchasing Manager Index Manufacturing (DEC) | 57.40 | 58.00 |
| TUE | 10:00 | EUR | Euro-Zone CPI Estimate (YoY) (DEC) | 2.00% | 1.90% |
| TUE | 15:00 | USD | Factory Orders (NOV) | -0.20% | -0.90% |
| TUE | 19:00 | USD | Fed Releases Minutes - Dec 14 FOMC Meeting | ||
| TUE | 22:00 | USD | ABC Consumer Confidence (JAN 2) | ||
| WED | 10:00 | EUR | Euro-Zone Industrial New Orders (YoY) (OCT) | 18.80% | 13.40% |
| WED | 10:00 | EUR | Euro-Zone Industrial New Orders (MoM) (OCT) | 1.50% | -3.80% |
| WED | 10:00 | EUR | Euro-Zone Producer Price Index (MoM) (NOV) | 0.30% | 0.40% |
| WED | 10:00 | EUR | Euro-Zone Producer Price Index (YoY) (NOV) | 4.40% | 4.40% |
| WED | 13:30 | USD | ADP Employment Change (DEC) | 100K | 93K |
| WED | 15:00 | USD | ISM Non-Manufacturing Composite (DEC) | 55.60 | 55.00 |
| THU | 10:00 | EUR | Euro-Zone Retail Sales (YoY) (NOV) | 2.10% | 1.40% |
| THU | 10:00 | EUR | Euro-Zone Economic Confidence (DEC) | 105.50 | 105.30 |
| THU | 10:00 | EUR | Euro-Zone Consumer Confidence (DEC) | -9.00 | -9.40 |
| THU | 10:00 | EUR | Euro-Zone Industrial Confidence (DEC) | 1.90 | 0.90 |
| THU | 10:00 | EUR | Euro-Zone Services Confidence (DEC) | 10.10 | 10.20 |
| THU | 15:00 | CAD | Ivey Purchasing Managers Index (DEC) | 54.00 | 57.50 |
| FRI | 07:00 | EUR | German Exports s.a. (MoM) (NOV) | 0.90% | -1.30% |
| FRI | 07:00 | EUR | German Imports s.a. (MoM) (NOV) | 2.00% | 0.10% |
| FRI | 10:00 | EUR | Euro-Zone Gross Domestic Product (QoQ) (3Q F) | 0.40% | 0.40% |
| FRI | 10:00 | EUR | Euro-Zone Gross Domestic Product (YoY) (3Q F) | 1.90% | 1.90% |
| FRI | 10:00 | EUR | Euro-Zone Unemployment Rate (NOV) | 10.10% | 10.10% |
| FRI | 11:00 | EUR | German Industrial Production (YoY) (NOV) | 10.90% | 11.70% |
| FRI | 11:00 | EUR | German Industrial Production s.a. (MoM) (NOV) | -0.20% | 2.90% |
| FRI | 12:00 | CAD | Full Time Employment Change (DEC) | -11.50 | |
| FRI | 12:00 | CAD | Participation Rate (DEC) | 67.00 | 66.90 |
| FRI | 12:00 | CAD | Net Change in Employment (DEC) | 20.0K | 15.2K |
| FRI | 12:00 | CAD | Part Time Employment Change (DEC) | 26.70 | |
| FRI | 12:00 | CAD | Unemployment Rate (DEC) | 7.70% | 7.60% |
| FRI | 13:30 | CAD | Average Hourly Earning (MoM) (DEC) | 0.20% | 0.00% |
| FRI | 13:30 | CAD | Average Weekly Hours All Employees (DEC) | 34.30 | 34.30 |
| FRI | 13:30 | USD | Change in Non-farm Payrolls (DEC) | 140K | 39K |
| FRI | 13:30 | USD | Unemployment Rate (DEC) | 9.70% | 9.80% |
| FRI | 20:00 | USD | Consumer Credit (NOV) | $0.3B | $3.4B |
As noted a few EU economies are set to release their PMI figures this week, and of course the much watched US ISM PMI stats are also out. The US is expected to show a slight improvement in the manufacturing index, ditto the services or non-manufacturing index. Meanwhile, China released its official PMI results in the last couple of days, showing a bit of a drop - but that's to be expected in some sense given the measures taken toward controlling inflation, as well as energy related targets; of course this will be the wild card for 2011... for the US though, 2011 could well be a much better year than 2010.
Back onto the EU, the statistics agency, Eurostat, will release the final reading of GDP data for Q3 this week, with little change expected - but with a few more details. Amongst the other stats set to be released by the EU are unemployment rate (expected to remain about 10%), a range of confidence indexes (which are broadly expected to improve slightly), and the December initial CPI estimate (expected to bump up slightly to a still subdued 2%).
Over to the US, as noted the key release will be the nonfarm payrolls data on Friday, consensus says a better month for December, so let's watch that one closely. The other interesting bits out of the US include Consumer Credit data for Nov (expect pretty flat results), the PMI indices as noted, and in monetary policy - the Fed releases the meeting minutes from the Dec 14 FOMC meeting... which may make for interesting reading, worth a skim at least.
So as always, have a great week, watch out for surprises, and stay tuned for updates...
Sources
DailyFX www.dailyfx.com/calendar
Forex Pros www.forexpros.com/economic-calendar/
Forex Factory www.forexfactory.com/calendar.php
Bloomberg www.bloomberg.com
+various statistics websites and central bank websites for verification
Article Source: http://www.econgrapher.com/2jan11-calendar.html
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