(Part 1 of 5) - Economic Preview: Key Data Releases for January 2026 (week of 05Jan2026)
Economic Preview: Key Data Releases for January 2026 (week of 05Jan2026)
Manufacturing Sector Outlook
The ISM Manufacturing PMI and ISM Manufacturing Prices for December are set to be released in the coming week. Current forecasts anticipate contractionary pressures within the manufacturing sector, with the PMI expected at 48.4. Meanwhile, manufacturing prices are forecasted at 59.0, suggesting continued inflationary pressures affecting costs in this area.
Non-Manufacturing and Services Sector
Data for the ISM Non-Manufacturing PMI and ISM Non-Manufacturing Prices will also be published. The ISM Non-Manufacturing PMI is projected at 52.2, indicating an expansion in the services sector for December. Last month’s ISM Non-Manufacturing PMI Price stood at 65.4, which points to significant inflationary pressure within the services sector.
Global Services PMI
The S&P Global Services PMI forecast for December is 52.9. This figure is considered expansionary and reflects a positive outlook for last month’s global services.
Energy Market Update
Crude oil inventories previously experienced a drawdown of 1.934 million barrels. This reduction implies a favourable environment for production and overall market conditions.
Labor Market Indicators
Turning to employment figures, the ADP Nonfarm Employment Change for December is forecasted at a positive 50k jobs. Initial jobless claims results will be released soon, with the previous count at 199,000 claims.
The JOLTS Job Openings for December are expected to reach 7.73 million, an improvement from the previous figure of 7.67 million. Average hourly earnings for December are forecasted to rise by 0.3% month-over-month. Nonfarm payrolls are projected to increase by 55,000, and the unemployment rate is forecasted to hold at 4.5% for December. These data points are critical for the Federal Reserve as it considers them in forthcoming interest rate decisions.
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