In the week ahead, the U.S. will see new trade, productivity and jobs data. Countries around the world will publish manufacturing figures.
Monday
Surveys of businesses around the world will gauge manufacturing activity in the U.S., China, Europe and elsewhere, offering an early glimpse on how economies fared in early 2020. Economists generally expect global manufacturing to stabilize as trade tensions ease. The Institute for Supply Management forecast its U.S. manufacturing index would log in at 48.5 in January, up from 47.2 in December but still weak.
Wednesday
The U.S. Commerce Department releases December international trade figures, which will show how the U.S. ended a year characterized by trade frictions with China. In November, the trade gap contracted 8.2% from the previous month to $43.09 billion, the lowest deficit since 2016. Economists surveyed by The Wall Street Journal expect the trade deficit to widen to $48.4 billion in December.
Thursday
The U.S. Labor Department publishes fourth-quarter productivity figures. In the third quarter, labor productivity declined at a seasonally adjusted annual rate of 0.2%. The decrease came after productivity offered signs of pickup earlier in the year. Economists expect gains in the final three months of the year.
Friday
The U.S. Labor Department releases the January jobs report. Economists will eye this report closely to see whether the annual benchmark revisions drastically change our understanding of 2018’s labor-market performance. For January, the labor-market picture is expected to remain similar to recent history: solid gains in nonfarm payrolls, low unemployment and stagnant wage growth.
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February 03, 2020 at 03:00AM
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Economy Week Ahead: U.S. Trade, Productivity, Jobs Data - Wall Street Journal
"jobs" - Google News
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