This Friday we get the latest update on the state of the North America employment, so stay with us to find out when exactly these numbers are out.
German industrial production report for August opens this agenda at 6 o’clock in the morning. Production dropped by an unexpected 1.5% in July after growing by slightly more than 1% in June.
French industrial production numbers for August will be available 45 minutes later. Production disappointed in July and this was the third consecutive monthly decline.
UK Halifax House Price Index is up next at a half past 7. HPI has contracted for two consecutive months and a flat reading is expected in this release for September.
A couple more August publications regarding the UK economy are out at 8:30, including Trade Balance. Deficit narrowed down slightly in July from 12.9 billion in June.
Industrial Production is the other item out at this time. Production increased by point 1% in July, while manufacturing was down by point 9% with the largest contribution from pharmaceuticals.
At 12:30 PM GMT we have the day’s key release – high importance US employment report for September. August numbers brought disappointment as nonfarm payrolls increased by only 151 thousand, well short of the market expectations.
The high importance Canadian Labour Force Survey for September is also out at the same time. A solid 26 thousand jobs were added in August, but unemployment rate inched slightly higher as more people joined the labour force, looking for work.
Canadian Ivey PMI for September is up next at 2 PM. Recent months have been volatile for the index and it dropped by 4.7 points in August from July’s level of 57.
NIESR UK Monthly GDP estimate for three months to September is also out at 2 PM. According to previous report, output grew by point 3% in the three months ending in August, after growth of point 4% in the three months ending in July.
Bank of Canada third quarter business outlook survey will be released a half an hour later, and the final item for this agenda is US Consumer Credit for August at 7 PM. Outstanding credit rose by 17.7 billion US Dollars in July, beating analyst estimates for an increase of close to 16 billion.
I’m Sam Meredith and that’s it for Friday’s Economic Calendar, but do click back for Monday’s report. Goodbye.
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