Chinese New Year is celebrated on this Tuesday and market holidays continue in China. Meanwhile, January Services PMIs will be published in other regions, so let’s take a closer look. The Italian publication of the Services PMI for January opens this agenda at 8:45 in the morning. The final French stats will then be available five minutes later, followed by the final German statistics at 8:55 in the morning. The final reading for Euro Zone will then be released at 9 AM to wrap up the Euro area PMI data run. According to the flash report, the index dropped to 50.8 in January, which is the lowest level in 65-months. Both manufacturing and services saw growth slow close to stagnation. The UK Services PMI for January continues the data run at 9:30 in the morning. The index edged up to 51.2 in December. According to the CIPS, survey respondents suggested Brexit-related concerns were a key factor weighing on b2b spending. On top of that, subdued consumer demand had acted as a brake on sales. Euro Zone Retail Trade stats for December will then be available at 10 AM. Sales increased by a stronger than expected point 6 percent month on month in November and this was the second monthly rise in a row. The closely watched US ISM Non-Manufacturing PMI For January wraps up this agenda at 3 PM GMT. The index declined in the final month of last year after standing above the high 60 percent mark for three consecutive months. I’m Kiays Khalil and you’ve been watching the Economic Calendar for Tuesday. Bye for now.
Chinese New Year is celebrated on this Tuesday and market holidays continue in China. Meanwhile, January Services PMIs will be published in other regions, so let’s take a closer look.
The Italian publication of the Services PMI for January opens this agenda at 8:45 in the morning. The final French stats will then be available five minutes later, followed by the final German statistics at 8:55 in the morning.
The final reading for Euro Zone will then be released at 9 AM to wrap up the Euro area PMI data run. According to the flash report, the index dropped to 50.8 in January, which is the lowest level in 65-months. Both manufacturing and services saw growth slow close to stagnation.
The UK Services PMI for January continues the data run at 9:30 in the morning. The index edged up to 51.2 in December. According to the CIPS, survey respondents suggested Brexit-related concerns were a key factor weighing on b2b spending. On top of that, subdued consumer demand had acted as a brake on sales.
Euro Zone Retail Trade stats for December will then be available at 10 AM. Sales increased by a stronger than expected point 6 percent month on month in November and this was the second monthly rise in a row.
The closely watched US ISM Non-Manufacturing PMI For January wraps up this agenda at 3 PM GMT. The index declined in the final month of last year after standing above the high 60 percent mark for three consecutive months.
I’m Kiays Khalil and you’ve been watching the Economic Calendar for Tuesday. Bye for now.
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