The markets open to a new trading month this week. Economic data will therefore be dominated by the monthly economic reports.
This article is originally referred from Orbex Market Preview.
In the Eurozone, the manufacturing and services PMI reports by IHS Markit will be released.
Data also covers the manufacturing, services and construction sectors for the UK.
In the U.S. the monthly private payrolls reports followed by the Friday official unemployment figures will be the main events to look forward to.
The ISM’s manufacturing and non-manufacturing PMI reports will also be coming out this week.
Eurozone final revised GDP and PMI activity
The week ahead will be dominated by headlines covering the manufacturing and services sector activity.
IHS Markit will be releasing the report this week and investors will be looking to see if the Eurozone’s composite PMI slipped as per the flash estimates.
Elsewhere, the industrial and manufacturing production figures from France as well as Germany will be coming out alongside the retail sales report from Italy.
This comes on top of the factory orders report from Germany.
On Friday, the final revised GDP numbers for the second quarter will be released for the Eurozone.
Economists forecast no changes and expect that the Eurozone GDP advanced 2.2% on the year ending June 2018.
On a quarterly basis, the GDP growth is expected to remain unchanged at 0.4%.
Original Source: Orbex Market Preview