North American Employment Friday [Video]
|German Industrial Production stats for October open the day at 7 o’clock in the morning. Production accelerated for the second month in a row in September, but both of the increases were at a slow pace.
The UK Halifax House Price Index for November will then be available at 8:30 in the morning. Prices increased by point 7% in October, partially cancelling out September’s plunge of 1.3%. Prices were 1 and a half percent higher than in the same three months a year ago.
The revised Euro Zone third quarter GDP will then be published at 10 AM. According to the previous release, growth of the economy slowed down to a quarterly pace of point 2%, which is the slowest pace since 2014.
Then the high importance North American Employment data reports for November will be released at 1:30 PM GMT. The US total non-farm payroll employment was up by 250 thousand in October and unemployment rate stood unchanged at 3.7%.
The Canadian Labour Force Survey is the other publication scheduled at this time. The unemployment rate slipped by one tenth of a percent in October as fewer people looked for work. Employment increased slowly by slightly more than 11 thousand.
A couple more item regarding the US economy follow at 3 PM, including the Preliminary University of Michigan Survey for December. The consumer sentiment index declined to 97.5 in November, which is near its average for the past year.
The final US Wholesale Inventories for October is the other item out at this time. According to the advance report, wholesale inventories were up by point 7% in October at slightly more than 650 billion US Dollars. The US Consumer Credit release for October wraps up this agenda at 8 PM GMT. The total credit was up by nearly 11 billion in September, which was slower than analysts had estimated.
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