The main indicators of the economic calendar of the current week are the values of the #PMI index for January.
These are the first statistical indicators that reflect the state of the economy in 2020 (since the published values of inflation, GDP reflect the state of the economy of the LAST year).
As of February 6 (Thursday), according to surveys, almost half of all countries surveyed reported a PMI above 50.0, which is an undeniable sign of recovery, despite the trade debate between the US and China, and a raging pandemic.
About ten of the 15 markets reporting expansion in January were the so-called emerging markets, including: China, Vietnam, the Philippines, and Brazil. In Asia, excluding Japan and China, the PMI reached a 19-month high in January.
The situation in developed markets:
USA recorded the strongest PMI growth.
UK PMI has stabilized, ending an eight-month recession.
Eurozone factories reported the smallest drop in activity since April last year (the fastest declining manufacturing sector was re-discovered in Germany).
Japan also remained in decline, registering a seventh contraction in a row.
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These indicators are leading and make it possible to judge the strength of a particular economy. It appears that the US is ahead of everyone except China, and the crisis has already come in the Eurozone and is not going to end.
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These are the first statistical indicators that reflect the state of the economy in 2020 (since the published values of inflation, GDP reflect the state of the economy of the LAST year).
As of February 6 (Thursday), according to surveys, almost half of all countries surveyed reported a PMI above 50.0, which is an undeniable sign of recovery, despite the trade debate between the US and China, and a raging pandemic.
About ten of the 15 markets reporting expansion in January were the so-called emerging markets, including: China, Vietnam, the Philippines, and Brazil. In Asia, excluding Japan and China, the PMI reached a 19-month high in January.
The situation in developed markets:
USA recorded the strongest PMI growth.
UK PMI has stabilized, ending an eight-month recession.
Eurozone factories reported the smallest drop in activity since April last year (the fastest declining manufacturing sector was re-discovered in Germany).
Japan also remained in decline, registering a seventh contraction in a row.
=======
These indicators are leading and make it possible to judge the strength of a particular economy. It appears that the US is ahead of everyone except China, and the crisis has already come in the Eurozone and is not going to end.
=======
Find out more: https://www.facebook.com/pg/FIBOGroup.Global/posts/?ref=page_internal
#fibogroup #forex #forexbroker #forexnews #forexanalysis #economics #economiccalendar #financing #trader #dollar #news #recentnews #forexforecast