Week Ahead

In the US, the most important events are the second estimate of GDP growth rate, non-farm payrolls, unemployment rate and ISM manufacturing PMI. Elsewhere, key data include UK and Germany consumer morale; Eurozone inflation rate; Japan unemployment rate, retail trade and industrial production; China PMI data; and GDP growth for India, Brazil and Canada.

It will be a busy week in the US. The most important releases are the second estimate of GDP growth rate, non-farm payrolls, unemployment rate and ISM Manufacturing PMI. Other key data include: ADP employment change; Challenger job cuts; corporate profits; personal spending and income; PCE prices; pending home sales; CB consumer confidence; construction spending; total vehicles sales; S&P/Case-Shiller home prices; Dallas Fed Manufacturing Index; Chicago PMI; advance estimates of goods trade balance and wholesale inventories; and final readings of both Michigan consumer sentiment and Markit manufacturing PMI.

In the UK, markets will focus on Gfk consumer confidence, Markit manufacturing PMI, Bank of England consumer credit and mortgage approvals, and Nationwide housing prices. Elsewhere in Europe, important releases include: Germany Gfk consumer confidence and retail trade; inflation figures for the Eurozone, Germany, France, Italy and Spain; unemployment rate for the Eurozone and Germany; GDP growth for France, Italy and Greece; and final manufacturing PMI data for the Eurozone, Germany and France.

In Japan, analysts are eyeing unemployment rate, household spending, retail trade, industrial production, consumer confidence, construction orders and housing starts, and the final reading of manufacturing PMI. Meanwhile in China, PMI data reported by both Caixin and the national statistical office will be in the spotlight. Other important data across Asia include India GDP growth, South Korea GDP growth, interest rate decision and inflation rate.

In Australia, key data to watch for are private sector credit, private capital expenditure, AIG manufacturing index, HIA new home sales, building permits and construction work done.

Traders will also be looking to Canada GDP growth rate, current account and RBC manufacturing PMI; Brazil GDP growth rate and unemployment rate; and Mexico foreign trade. 

Joana Ferreira | joana.ferreira@tradingeconomics.com
8/25/2017 5:14:43 PM