Its another busy data calendar coming up in Asia tomorrow, Wednesday, 1 February 2023

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Its another busy data calendar coming up in Asia tomorrow, Wednesday, 1 February 2023

<p>What you are about to read (if you do) is probably irrelevant. Traders in Asia will spend tomorrow fretting about the upcoming Federal Open Market Committee (FOMC) announcement & Powell's press conference, not local data. Or just drinking beer. </p><p>---</p><p>Official employment data comes from New Zealand only once a quarter, and on Wednesday morning (NZ local time) we get jobs data for Q4 2022. </p><p>Capacity constraints, mainly labour supply, have been an issue for NZ business. But have kept the labour market bubbling along. This is expected to continue in the data for Q4.</p><p>Also on the agenda are manufacturing PMIs from Australia, Japan and the privately surveyed Caixin/Markit one from China. China's official PMIs were published just a few hours ago:</p><ul><li><a href="https://www.forexlive.com/news/china-january-official-pmi-manufacturing-501-expected-498-services-544-expect-520-20230131/" target="_blank" rel="follow" data-article-link="true">China January official PMI: Manufacturing 50.1 (expected 49.8) Services 54.4 (expect 52.0)</a></li></ul><p>I've posted on the difference between the official and private survey PMIs before, so this is a repeat, but ICYMI:</p><ul><li>The official PMI and Caixin PMI are different surveys, of different firms, with different characteristics, so they often have diverging results.</li><li>In brief, the Caixin/Markit surveys smaller firms than does the official survey from China's National Bureau of Statistics/China Logistics Information Center.</li></ul><ul><li>
This
snapshot from the ForexLive economic data calendar, <a href="https://www.forexlive.com/EconomicCalendar">access
it here</a>.</li><li>
The
times in the left-most column are GMT. </li><li>
The
numbers in the right-most column are the 'prior' (previous
month/quarter as the case may be) result. The number in the column
next to that, where there is a number, is the consensus median
expected.</li><li>


</li><li>
I've
noted data for New Zealand and Australia with text as the similarity
of the little flags can sometimes be confusing.</li></ul>

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Its another busy data calendar coming up in Asia tomorrow, Wednesday, 1 February 2023

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