Sunday, January 2, 2011

Economic Calendar - 2 January 2011

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/
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)
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)
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...

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+various statistics websites and central bank websites for verification

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