Money Minute Tuesday 7 January: will US services fare better than manufacturing?

Today's Money Minute looks ahead to the latest figures from America's services sector, plus the health of the eurozone's retail sector.

In the eurozone this morning, we get region-wide data on retail sales for November, as well as the December figure for inflation.Retail sales are expected to have grown by about 1% year on year, with Spain and France showing the biggest gains.

Meanwhile, eurozone-wide inflation is expected to come in at around 1.3%. That's still well below the European Central Bank's target of just below 2%.That means we can expect to see money printing in the eurozone for the foreseeable future.

Advertisement - Article continues below

In the US this afternoon, we get the latest reading on the health of the services sector.

As with everywhere else in the world, US manufacturing is struggling. The most recent survey suggested that activity in the sector in December was weaker than at any point since 2009.However, the services sector is far more important in terms of economic impact, and so far has remained healthy.Researchers at Capital Economics expect the survey to rebound from November's reading of 53.9, to above 55, indicating solid growth.




Money Minute Thursday 9 January: EU withdrawal, plus eurozone and US jobs figures

Today's Money Minute looks ahead to the vote on the government's EU withdrawal bill and the latest employment figures for the eurozone and the US.
9 Jan 2020

Money Minute Wednesday 8 January: UK house prices and Chinese inflation

In today's Money Minute we look ahead to the latest report on house prices from Halifax; plus inflation in China and European business confidence.
8 Jan 2020

Money Minute Monday 6 January: the week ahead

In today's Money Minute, we take a look ahead to this week’s biggest financial stories, including UK house prices and American wages.
6 Jan 2020

Money Minute Friday 20 December: public sector borrowing in the UK

Today's Money Minute – the last of the year – looks ahead to the latest data on public sector net borrowing, which gives us a snapshot of government s…
20 Dec 2019

Most Popular


House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020

How can markets hit new record highs when the economy is in such a mess?

Despite the world being in the midst of a global pandemic, America's Nasdaq stock index just hit an all-time high. And it's not the only index on a bu…
3 Jul 2020