ISM non-manufacturing PMI. USA, 17:00 (GMT+2) 05 Feb

05Feb.202416:00

ISM non-manufacturing PMI. USA, 17:00 (GMT+2)

At 17:00 (GMT+2) in the United States, the January service business activity index from the Institute for Supply Management (ISM) will be published, based on a survey of representatives of 375 companies from 17 non-manufacturing sectors and reflecting business conditions in the country. The figure is expected to rise from 50.6 points to 52.6 points in January.

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05 Feb. 2024 11:00

Producer price index. EU, 12:00 (GMT+2)

At 12:00 (GMT+2), December data on the producer price index in the EU will be published. The indicator reflects changes in the price of goods at the wholesale level (raw materials, semi-finished products, and final goods are considered). Increasing prices for producers contributes to the growth of consumer inflation in the region. The negative dynamics are predicted to slow down from −8.8% to −8.7% YoY and from −0.3% to −0.1% MoM, supporting the euro.

06 Feb. 2024 01:30

Retail sales. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2), Australia will release Q4 retail sales data, a key indicator of consumer spending that has a significant impact on the country’s gross domestic product (GDP). The indicator records the monthly volume of all goods retailers sold based on samples of stores of different types and sizes. A correction in the value is expected from 1.6% to −2.7% MoM, putting pressure on the Australian dollar.

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