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Packed week for economic reports includes U.S. employment data

Feb. 3, 2014 at 10:10 AM   |   Comments

NEW YORK, Feb. 3 (UPI) -- The week's economic calendar is packed with data releases, including the monthly U.S. employment situation report due Friday.

Reports include:

-- Monday: In reports already released, Markit Economics pegged the eurozone manufacturing index at 56.7, showing slower growth in January compared to December, and the purchasing managers index for the United States, also produced by Markit Economics, showed a similar slowdown with the PMI at 53.7 from 55 in December. Another report, on total vehicle sales for January, was expected in the afternoon.

-- Tuesday: Expect the Institute of Supply Management's PMI for New York State and U.S. factory orders data released by the Census Bureau

-- Wednesday: A Markit Economics release on the PMI for the eurozone service sector; Eurostat's data on December retail sales for the eurozone; Automatic Data Processing Inc.'s private sector jobs report for the United States in January; Statistics Canada's building-permit figures for December; the Institute of Supply Management's PMI for U.S. service-oriented firms; and Markit Economics' U.S. manufacturing PMI.

-- Thursday: Expect monetary policy decisions from the European Central Bank and the Bank of England; Challenger, Gray & Christmas reports January layoff numbers for the United States; StatsCan releases import and export figures; weekly unemployment benefit costs are expected from the U.S. Labor Department; and a report on U.S. labor costs is expected from the Bureau of Labor Statistics.

-- Friday: The Office of National Statistics in Britain is set to release industrial and manufacturing production figures for December; the January employment situation report is expected from StatsCan; the U.S. Labor Department's Employment Situation report is due; and the Federal Reserve is set to release U.S. consumer credit figures for December.

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