Breaking News
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% Upgrade now

Week Ahead Economic Preview: Week of 1 June 2020

By IHS Markit (Chris Williamson)Market OverviewMay 31, 2020 08:05
uk.investing.com/analysis/week-ahead-economic-preview-week-of-1-june-2020-200442298
Week Ahead Economic Preview: Week of 1 June 2020
By IHS Markit (Chris Williamson)   |  May 31, 2020 08:05
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
  • Worldwide PMI updates for manufacturing and services in May
  • US monthly jobs report
  • Monetary policy meetings in Eurozone, Canada and Australia

The week ahead sees the PMI business surveys provide the first major insights into global economic trends in May, with clues being sought as to not only the depth of the downturn but also the speed with which economies can recover from the COVID-19 pandemic. Other key events include US non-farm payrolls and monetary policy meetings at the ECB, Bank of Canada and RBA.

Provisional PMI data hint that the global downturn may have already peaked back in April, with rates of decline having eased markedly in the US, Eurozone, Japan and UK in May. If lockdowns are lifted further in coming months, as planned, a return to growth looks possible for many economies as we head into the third quarter. With markets showing signs of reduced pessimism on the economic outlook, analysts will therefore be hoping that the final global PMIs will confirm an easing from April's unprecedented rate of economic contraction. China's PMI data will prove especially interesting as a bellwether for other economies, as China has relaxed many of its COVID-19 restrictions earlier than other countries.

In the US, the IHS Markit PMI and ISM surveys are followed by the monthly employment report, which is expected to show further widespread job losses and another increase in the unemployment rate beyond the current post-war record of 14.7%. Other key US releases include factory orders and trade data.

In Europe, the PMI releases are swiftly followed by the ECB's Governing Council meeting, for which we see a high likelihood of further stimulus being announced. Euro area unemployment and retail sales data are also updated, as are UK mortgage approvals.

In Asia, Caixin and NBS PMI releases are joined by Japan, South Korea and Australia updating their GDP numbers, with the latter also setting monetary policy, for which further easing is anticipated. Other highlights include Hong Kong SAR retail sales, trade figures in Australia, China, South Korea and Malaysia, plus inflation data in Thailand, Taiwan, the Philippines and Indonesia.

"Disclaimer: The intellectual property rights to these data provided herein are owned by or licensed to Markit Economics Limited. Any unauthorised use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing is not permitted without Markit’s prior consent. Markit shall not have any liability, duty or obligation for or relating to the content or information (“data”) contained herein, any errors, inaccuracies, omissions or delays in the data, or for any actions taken in reliance thereon.

In no event shall Markit be liable for any special, incidental, or consequential damages, arising out of the use of the data. Purchasing Managers' Index™ and PMI™ are either registered trademarks of Markit Economics Limited or licensed to Markit Economics Limited. Markit is a registered trade mark of Markit Group Limited."

Original Post

Week Ahead Economic Preview: Week of 1 June 2020
 

Related Articles

Week Ahead Economic Preview: Week of 1 June 2020

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Gggfg Ghbcvh
Gggfg Ghbcvh Dec 01, 2021 18:16
Saved. See Saved Items.
This comment has already been saved in your Saved Items
ree
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email