US jobs report next week highlights the week’s key events and releases


ISM data and jobs reports highlight the events next week

Monday will be the August 2nd and the start of a new month. That means the traditional ISM data, ADP employment, the US and Canada jobs reports. 

Highlights on the economic calendar.

Monday (bank holiday in Canada)

  • Japan consumer confidence 36.0 versus 37.4 last month
  • German retail sales, estimate 1.9%
  • German PMI final,  65.6 est
  • UK PMI final, 60.4 est
  • France PMI, 58.1 est
  • Italy PMI final, 62.5 est
  • US ISM manufacturing 60.8 versus 60.6 last month

Tuesday

  • RBA rate statement.  No change expected
  • Spain’s unemployment change. Last -166.9 K 
  • Canada manufacturing PMI, last 56.5
  • US factory orders, estimate 1.2% versus 1.7% last month

Wednesday

  • New Zealand employment change, 0.7% quarter on quarter versus 0.6% last quarter.  Unemployment rate 4.4% versus 4.7%
  • Australia retail sales, -1.8% estimate versus -1.8% last month
  • German final services PMI, 62.2 estimate
  • France’s final services PMI 57.0 estimate
  • UK’s final services PMI 57.8 estimate
  • US ADP nonfarm employment change, 680K estimate versus 692K last month
  • US ISM services PMI 60.5 versus 60.1 last month

Thursday

  • German factory orders, 2.1% versus -3.7%
  • ECB economic bulletin
  • BOE interest rate decision. No change expected. Monetary policy report/monetary policy summary
  • US trade balance $-72.5 billion versus $-71.2 billion

Friday

  • Canada employment change. Last month 230.7 K. Canada unemployment rate last month 7.8%
  • US nonfarm payroll, 925K estimate versus 850K last month. Unemployment rate 5.6% versus 5.9% last month. Average hourly earnings 0.3% versus 0.3% last month

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