6 Important Economic Data News This Week's Market Focus (21-25 August 2023)

<p>&nbsp;The following is part of the important economic data that will be the basis of the market this week.</p><p><br /></p><p>European Manufacturing &amp; Services PMI Data (Wednesday 4.00 Evening): Data readings for key sectors for the month of August will be assessed but forecasts are mixed. The market will examine readings in France and Germany which are the focus of Europe.</p><p><br /></p><p>UK Manufacturing &amp; Services PMI Data (Wednesday 4.30 Evening): The same data reading for UK will follow. The services sector is expected to record better figures than manufacturing, but both readings are forecast to decline from July.</p><p><br /></p><p><br /></p><p>US Production &amp; Services PMI Data (9.45 Evening Wednesday): A mixed expected reading of the data should signal the US dollar's move towards the end of the week.</p><p><br /></p><p>US Jobless Claims Data (8.30 P.M.): This weekly data will be scrutinized to assess the health of the labor sector in America. Rising figures carry a negative perspective and may suggest a depreciating US dollar.</p><p><br /></p><p>German Business Climate Data (Friday 4.00 Evening): Review data on the business sector in Germany will be looked at which can give an idea of current spending and inflation in Europe.</p><p><br /></p><p>US User Confidence Sentiment (Friday 10:00 PM): An overview of user confidence in America as measured by finance for the outlook for future economic activity. Readings for the month of August are predicted to last the same as the previous month.</p>