Unemployment Change. Germany, 09:55 (GMT+2) 01 Aug

01Aug.202308:55

Unemployment Change. Germany, 09:55 (GMT+2)

At 09:55 (GMT+2) Germany will publish July data on Unemployment Change. The growth trend indicates weakness in the national labor market and has a negative effect on consumer spending and, consequently, on economic growth. It is expected that in July the indicator will be adjusted from 28.0 thousand to 21.0 thousand.

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01 Aug. 2023 08:55

Manufacturing PMI. Germany, 09:55 (GMT+2)

July data on Manufacturing PMI in Germany will be published at 09:55 (GMT+2). The indicator is calculated based on a survey of purchasing and supply managers of leading national enterprises in all industries, while assessing their attitude to the current economic situation and the prospects for its further development. It is expected that in July the index will drop from 40.6 points to 38.8 points. If the forecast proves right, the euro may fall under pressure.

01 Aug. 2023 09:30

Manufacturing PMI. UK, 10:30 (GMT+2)

Data on Manufacturing PMI for July in the UK will be published at 10:30 (GMT+2). The indicator is compiled from the enterprises responses about their purchasing activities and supply situations. At the same time, the attitude of purchasing managers to the current economic situation and prospects for its further development is evaluated. It is expected that in July the index will drop from 46.5 points to 45.0 points. If the forecast proves right, the pound may fall under pressure.

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