Holiday Data Preview
December 31st, 2014 9:06 pm | by John Jansen |Via Robert Sinche at Amherst Pierpont Securities:
CHINA: Tonight will bring the China Official PMI for both the Manufacturing and Non-Manufacturing sectors. The BBerg consensus expects the Manufacturing PMI to slip to 50.0 from 50.3 in November; the Non-Manufacturing PMI was 53.9 in November.
S. KOREA: The December Trade Data will be released tonight, with a focus on Export momentum; Exports declined a disappointing -2.1% YOY in November.
INDIA: Friday morning will bring the release of the December Manufacturing PMI, an index that surged to a 21-month high of 53.3 in November.
EURO ZONE: The BBerg consensus expects the final December Manufacturing PMI to be confirmed at 50.8, a rebound from 50.1 in November and the strongest since July.
GERMANY: The BBerg consensus expects the final December Manufacturing PMI to be confirmed at 51.2, a rebound from 49.5 in November; the average in 2014 was 52.4.
FRANCE: The BBerg consensus expects the final December Manufacturing PMI to be confirmed at 47.9, down from 48.4 in November and would be the 8th consecutive below 50.
ITALY: The BBerg consensus expects the December Manufacturing PMI at 49.5, a slight rebound from 49.0 in November.
SPAIN: The BBerg consensus expects the December Manufacturing PMI at a very solid 54.9, a slight improvement from 54.7 in November. The consensus also expects Unemployment to post a solid -72.3K change in December as seasonal hiring reduces unemployment.
UK: BBerg consensus expects the December Manufacturing PMI at 53.6, a slight increase from 53.5 in November, which would be the strongest reading since July.