A number of key U.S. and global economic reports are due out this week (January 4 – 8, 2016), as investors return from the holiday break and refocus on many of the same issues that bedeviled the market in 2015, including the price of oil and the signal it is sending about the health of the global economy. As markets look ahead to the start of fourth quarter 2015 earnings reporting season, which won’t kick into high gear until late January 2016, the price of oil and its impact on business capital spending and manufacturing remain as key concerns.
The reports out this week on the manufacturing sector include:
- Markit Purchasing Managers’ Index (PMI) for manufacturing for December 2015, which was released as this commentary was being published
- Institute of Supply Management’s (ISM) Report on Business Manufacturing Index for December 2015, which was also released as this commentary was being published
- November 2015 factory shipments and orders report
- December 2015 employment report, and specifically the job count in the manufacturing sector