US NFP Preview: Payrolls seen rising by 225k in October – Goldman Sachs
Analysts at Goldman Sachs offer their expectations on Friday’s critical United States (US) Nonfarm Payrolls
US: ISM Services PMI declines to 54.4 in October vs. 55.5 expected
US ISM Services PMI declined to 54.4 in October. US Dollar Index holds in positive
German Factory Orders plunge 4.0% MoM in September vs. -0.5% expected
German Factory Orders plunged 4.0% MoM in September vs. -0.5% expected. German Factory output slumped
US: Philadelphia Fed Manufacturing Index comes in at -8.7 for October vs. -5 expected
Philadelphia Fed Manufacturing Index remains in negative territory for the second straight month. The USD
US: Weekly Initial Jobless Claims fall to 214K vs. a rise to 230K expected
Initial Jobless Claims in the US fell by 12K in the week ending October 14.
US: Existing Home Sales decline by 1.5% in September
Existing Home Sales in the US declined slightly less than expected in September US dollar
UK Retail Sales decline 1.4% MoM in September vs. -0.5% expected
The UK Retail Sales came in at -1.4% MoM in September, a big miss. Core
Eurozone final inflation arrives at 1.2% MoM in September vs. 1.2% expected
Eurozone inflation arrives at 9.9% YoY in September, revised down. Monthly HICP in the bloc
German ZEW Economic Sentiment Index improves to -59.2 in October vs. -65.7 expected
German ZEW Economic Sentiment arrived at -59.2 in October vs. -65.7 expected. The ZEW Current
Eurozone Industrial Production jumps 1.5% MoM in August vs. 0.6% expected
Eurozone’s Industrial Production increased more than expected in August, the official data published by Eurostat