bluey's flee bitten friday, page-42

Didn't realise today was a big "D" (Data) day....gmt = EST +9hrs


Via Markit, here's the full schedule (with times scheduled in UK time). The first one that people will be paying super close attention to will be the China PMI at 3:30 AM UK time, which is 10:30 PM Eastern Time.

The REAL fun, however, begins Thursday night...
That's when global PMI day kicks off.

PMI day is the first of every month, when countries around the world are surveyed on the health of their manufacturing sectors.

So from Thursday night to Friday morning we get rapid fire PMIs.

And even that's not it.

Friday is going to be a total monster in the US.
At 8:30 we get THE JOBS REPORT!!

Analysts expect 150K net new nonfarm payrolls.

Here are some expectations for the sub-numbers
Analysts expect 160K private payrolls
16K new manufacturing jobs

The unemployment rate will stay at 8.1 percent.
Normally the Jobs Report is the only real party in town on that day, but not this week.

Also at 8:30 there will be Personal Income and Spending (which will be way overshadowed having the misfortune of getting released at the exact same time as Non-Farm Payrolls).
Then at 10:00 AM there's the ISM report, which is separate from the Markit PMI report in the schedule above. We can not remember ever the ISM coming out on the same day as Non-Farm Payrolls.

Also at the same time: Construction spending comes out, and that's expected to grow by 0.4 percent.

And if all that weren't enough... US vehicle sales will be coming out all day.

Oh and at some point we'll get the results of that Irish fiscal compact referendum.

So yes, we feel comfortable saying you won't find a busier period for economic data. Ever.

http://www.businessinsider.com/the-busiest-36-hours-in-the-history-of-economics-2012-5