Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.
The following is an extract from IHS Markit's latest Week
Ahead Economic Preview. For the full report, please click on the
'Download Full Report' link.
Updated Q3 GDP estimates for the US, Germany, France and
Singapore
FOMC minutes
Flash PMI surveys will provide important mid-quarter insights
into the state of the Eurozone, UK and US economies. The surveys
will provide the first major clues as to how business conditions
have changed in the aftermath of the US elections and at a time
when the adverse impact of new lockdowns in many countries will
have been countered by encouraging news on COVID-19 vaccines.
The US flash PMI will be noteworthy in providing the first
post-election snapshot of the national economy. October data showed
business growth accelerating to the strongest since May 2018,
driven by the largest increase in services activity since April
2015 and a marked surge in confidence. Other key US releases
include a fresh estimate of third quarter GDP, personal income,
spending and prices, durable goods orders, home sales and house
prices. The minutes from the last FOMC meeting are also released,
at which policy was unchanged awaiting the election result, though
with chair Powell emphasizing the importance of fiscal as well as
monetary stimulus (page 3).
The Eurozone data will also be especially eagerly awaited after
October's PMI showed the economy stalling as its third quarter
rebound faded. The data raise the risks of a renewed downturn in
the fourth quarter. There were marked variations, however, with
Germany bucking the slowdown with strong factory-led growth. France
and Germany also provide fresh estimates of their third quarter GDP
rebounds.
In the United Kingdom, growth weakened markedly in October, and
the further lockdown in November is expected to hit the economy
hard, threatening a double-dip downturn. The data will also reveal
the extent of business preparations and stockpiling ahead of the
end of the Brexit transition period (page 4).
In Asia, industrial production releases in Japan, South Korea,
Thailand, Singapore and Vietnam, plus China's industrial profits,
are among the top picks, providing useful steers on the extent to
which the region's manufacturers are pulling out of the downturn.
Japanese retail sales and Singapore's GDP are also released, while
South Korea's policymakers meet to set interest rates (page 5).
Purchasing Managers' Index™ (PMI™) data are compiled by IHS Markit for more than 40 economies worldwide. The monthly data are derived from surveys of senior executives at private sector companies, and are available only via subscription. The PMI dataset features a headline number, which indicates the overall health of an economy, and sub-indices, which provide insights into other key economic drivers such as GDP, inflation, exports, capacity utilization, employment and inventories. The PMI data are used by financial and corporate professionals to better understand where economies and markets are headed, and to uncover opportunities.
