Week Ahead

Next week, the most important event will be the Fed monetary policy decision. Other key data include: the US nonfarm payrolls, unemployment rate, wage growth, ISM Manufacturing PMI, PCE price index, personal spending and income, and factory orders; the UK Gfk consumer confidence and monetary indicators; the Eurozone GDP growth, inflation, unemployment and business morale; Japan unemployment and consumer confidence; China manufacturing PMIs; Australia inflation and business sentiment; and worldwide Markit manufacturing PMIs.
Joana Ferreira | joana.ferreira@tradingeconomics.com 1/26/2018 5:12:41 PM
In the United States, the Federal Reserve will deliver its latest monetary policy decision, but no changes are expected in Fed Chair Yellen's last meeting as the head of the central bank. Regarding the economic calendar, the most important releases will be: nonfarm payrolls; unemployment rate; wage growth; ISM Manufacturing PMI; PCE price index; personal spending and income; factory orders; ADP employment change; construction spending; pending home sales; and Challenger job cuts; total vehicle sales; employment cost index; nonfarm productivity; S&P/Case-Shiller home prices; Chicago PMI; Dallas Fed Manufacturing Index; ISM New York Index; and final readings of both Michigan consumer sentiment and Markit Manufacturing PMI.

The United Kingdom will publish the Gfk consumer confidence, monetary indicators, and Markit PMIs for both manufacturing and construction sectors. Elsewhere in Europe, flash GDP growth figures will be released for the Eurozone, France and Spain while preliminary estimates of January's inflation will be published for the Eurozone, Germany, France, Italy and Spain. Other important figures include: the Euro Area unemployment and business survey; Germany retail trade and jobless rate; and Italy consumer and business morale.

In Japan, markets will focus on the publication of unemployment rate, alongside household spending, consumer confidence, retail trade, housing starts and the preliminary reading of industrial production. Meanwhile, China will release figures for manufacturing PMIs from both the statistical office and Caixin.

In Australia, the most important releases will be the NAB business confidence, inflation rate, AIG manufacturing index, HIA new home sales, building permits and private sector credit.

Other important releases include: India fiscal year GDP growth; South Korea inflation and trade balance; Canada monthly GDP, RBC Manufacturing PMI and producer prices; Mexico GDP growth; Brazil unemployment, foreign trade, industrial output and Markit Manufacturing PMI; Russia GDP growth; and South Africa trade balance.

Week Ahead