Thursday brings the latest manufacturing PMIs from around the world. Keep watching this Economic Calendar to find out more.
Starting things off at quarter past 7 AM are the Swiss Retail Sales for July. The June data surprised on the downside as sales saw their strongest annual drop in 5 years.
Swiss Manufacturing PMI for Augusts follows at 7:30. The Index dropped to a 6-month low in July, but it remains a fraction in the positive territory.
The final reading of Euro Zone August Manufacturing PMI is out at 8. The preliminary estimate suggests the Index remains stable and, while Germany remains the main powerhouse, the Italian and Spanish indices are also expected to show expansion.
UK Manufacturing PMI for August will be available at half past 8. The Index has been declining for the past 2 months and, in fact, now stands at its lowest level in almost 4 years, but some improvement is expected this time around.
Coming up next at 12:30 PM GMT is the closely watched weekly update on US Jobless Claims. The initial claims inched down by a thousand during the week ending August 20, whereas the continuing claims dropped by no less than 30 thousand during the week ending August 13. This provides some support to the claim the United States are nearing full employment.
Canadian Manufacturing PMI for August is scheduled at half past 1. The Index moved slightly higher in July as output, new orders and employment all went up.
The closely watched US ISM Manufacturing PMI for August follows at 2 o’clock. The Index eased in July but it remains near the 11-month high reached the previous month.
US Construction Spending for July is out at 2. Spending has been declining for the past 3 months, although private home construction remains strong.
And, if you’re a Yen trader, you may want to tune in at 5 o’clock the next morning, when Japanese Consumer Confidence for August is released. The July Index came in weaker than expected, losing half a point.
I’m Sam Meredith and this was the Economic Calendar for Thursday, the 1st of September, but Friday brings more known market movers, so do check back.
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