Via Robert Sinche at Amherst Pierpont Securities:
AUSTRALIA: As it has since last May, the RBA is expected to hold its Cash rate at 2.0%, according to the Bberg consensus. The AiG Performance of Manufacturing (PMI-type) Index was 51.5 in January, 7th consecutive month above 50, in contrast to most developed countries, as the weak AUD over recent years supporting domestic manufacturers.
CHINA: The Bberg consensus expects the Official Manufacturing PMI to hold at 49.4 while the Caixin/Markit Manufacturing PMI to hold at 48.4. The official Non-Manufacturing PMI, increasingly important given the focus on domestic demand, slipped to 53.5 in January, a 3-month low.
S. KOREA: After falling -18.8% YOY, the Bberg consensus expects Exports for February to have fallen -16.6% YOY, which would be the 14th consecutive YOY decline.
INDIA: The Manufacturing PMI rebounded sharply to 51.1 in January from 49.1 in December; while encouraging, production growth has been weak/declining in most countries.
JAPAN: The February Manufacturing PMI is likely to be confirmed at 50.2. The Bberg consensus expects the January Employment data to show the UR held at 3.3% and the Jobs-to-Applicant Ratio to hold at a very strong 1.27.
RUSSIA: The Bberg consensus expects the Manufacturing PMI to slip back only to 49.5 from 49.8.
EURO ZONE: The Bberg consensus expects the UR to have held at 10.4% in January and the February Manufacturing PMI to be confirmed at 51.0.
GERMANY: The Bberg consensus expects February Unemployment to have fallen another -10K, continuing a trend of declines over the last 6 months, and the Manufacturing PMI to be confirmed at 50.2.
ITALY: The Bberg consensus expects the Manufacturing PMI to slide to 52.3 in February from 53.2 while the UR is reported at 11.4% for January, unchanged from December.
SPAIN: The Bberg consensus expects the Manufacturing PMI to slide to 54.5 in February from 55.4, which marked a solid 2.4 point jump from December.
UK: The Bberg consensus expects the Manufacturing PMI to slide to 52.3 in February from 52.9 in January.
SWEDEN: The economy remains very strong, with the Bberg consensus expecting a still-strong 55.0 reading for the Manufacturing PMI from 55.5 in January.
BRAZIL: The Manufacturing PMI was 47.4 in January, the 12th consecutive month below 50.