Key economic indicators
Key global indicators that were released this week include the following:
Indicators are important for investors and market participants because they paint a picture of a country’s economic health. They help investors identify short-term economic trends and changes in market sentiments.
In this series, we’ll take a look at the final manufacturing PMIs for major developed economies such as the United States (QQQ) (IWM), France, Germany, Spain, the Eurozone, Japan, and the UK. We’ll also analyze 2Q17 economic growth in the US and the UK. Manufacturing PMI reports indicate trends in regards to manufacturing activity, new orders, export orders, and employment numbers in the economy.
Next, we’ll look at the US ADP employment report and the US non-farm payroll report for July 2017. Employment reports are important components of the Fed’s decision-making process.
In the next part of this series, we’ll analyze US manufacturing PMI for July 2017.