Key Dates For Investors to Start 2020 with a Bang

[Editor’s note: If you’re a fan of cryptocurrencies, I’ve just set up a Twitter account you can follow — @CryptoDataHound. I’ll be posting interesting crypto statistics and trade ideas I come across. Use at your own risk!]

It’s Christmas Eve today, so I’ll keep this short.

It’ll probably be February before we get the data on how confident consumers were over the holiday season.

That’ll be an interesting one to note as consumer spending is the lifeblood of the economy. If Xmas is a spending bonanza it’s a sign the economy is relatively healthy.

Or we’ve all maxed out on Afterpay!?!

Before that data though, there are a few key reports coming your way early in the 2020 economic calendar.

Put these key dates in your brand-new calendar…

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Dates and data

Every month, various private and government bodies release new economic data.

These data points tell the story of the economy and are worth tracking.

Here are the first ones of the year for you to watch…

2/1/2020: CBA Manufacturing PMI (purchasing managers index) — Final DEC — Australia

This data measures the direction of economic trends in the manufacturing sectors. It does this by surveying supply chain managers every month.

This is declining fast and is not a good sign.


Money Morning

Source: Trading Economics

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7/1/2020: CBA Services PMI (purchasing managers index) — Final DEC — Australia

This is the same as the manufacturing index, but for the services sector.

You want to see if the index is rising or falling. You can also compare it to market expectations to see how stock markets might react.

A bad reading that’s not as bad as the market expects can be welcome news for the stock market.

Both numbers also feed into interest rate expectations and the expansive domino effect of that.

9/1/2020: Balance of Trade — NOV — Australia

The first major data point of the year.

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This measures Australia’s trade surplus or deficit. So, the difference between what we import versus what we export.

Here’s the chart:


Money Morning

Source: Trading Economics

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There was a big drop in October in exports and this caused our trade surplus to fall pretty sharply.

This is a key data point to track as Australia’s economy and has an effect in everything from the chances of the government getting back into surplus, to the value of the Australian dollar.

Economists have forecast a slight fall to a $4 billion surplus. Any large deviation from this number should make you sit up and take notice.

Merry Christmas and happy New Year!

Keep an eye on those announcements as they’ll help you see how the economy is shaping up for early 2020.

Finally…

From myself and everyone here at Money Morning, have a great Christmas break and we look forward to sharing our ideas with you again in 2020.

Good investing,

Ryan Dinse,
Editor, Money Morning


Ryan Dinse is an Editor at Money Morning.

He has worked in finance and investing for the past two decades as a financial planner, senior credit analyst, equity trader and fintech entrepreneur.

With an academic background in economics, he believes that the key to making good investments is investing appropriately at each stage of the economic cycle.

Different market conditions provide different opportunities. Ryan combines fundamental, technical and economic analysis with the goal of making sure you are in the right investments at the right time.

Ryan's premium publications include:


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