Week Ahead

Next week the US will be publishing inflation rate, the preliminary estimate of Michigan consumer sentiment, JOLTs job openings and producer and foreign trade prices. Elsewhere, the ECB is set to release its minutes of the June meeting and the Bank of Canada will be deciding on monetary policy. Key economic data include: UK first publication of monthly GDP, industrial production, trade balance and construction output; Eurozone industrial production; China inflation, producer prices and foreign trade; Japan machinery orders; and Australia business and consumer morale.

In the US the most important releases are inflation rate; the preliminary estimate of Michigan consumer sentiment; JOLTs job openings; producer and foreign trade prices; consumer credit change; NFIB Business Optimism index; the government's budget statement; and the final reading of May's wholesale inventories.

From next week, the UK will start publishing a monthly GDP reading in addition to the usual quarterly series. The GDP data will consist of both month-on-month and a rolling three-month figure for May. Other important releases are industrial production, trade balance and construction output. 

Elsewhere in Europe, investors will turn their attention to ECB account of the June policy meeting following news that some officials are viewing September or October next year as a more suitable time to start raising rates, instead of December 2019. Regarding the economic calendar, key data include: Eurozone, France and Italy industrial production; Germany foreign trade and ZEW Economic Sentiment index; Sweden and Ireland inflation rates; and Poland interest rate decision.

In China analysts are eyeing the publication of inflation rate, producer prices and trade balance. Meanwhile, Japan is set to publish figures for machinery orders, current account and Tertiary Industry index; and Australia is releasing NAB Business Confidence and Westpac Consumer Confidence.

Other key highlights include: Canada interest rate decision, housing starts and new home prices; Mexico inflation rate; Brazil retail trade; Malaysia and South Korea interest rate decisions; India inflation and industrial output; and Singapore second-quarter GDP growth.



Joana Ferreira | joana.ferreira@tradingeconomics.com
7/6/2018 4:18:54 PM



 


Friday July 06 2018 Actual Previous
05:00 AM
JP
Coincident Index Prel MAY 116.1 117.5
05:00 AM
JP
Leading Economic Index Prel MAY 106.9 106.2
06:00 AM
DE
Industrial Production MoM MAY 2.6% -1.3% ®
06:45 AM
FR
Balance of Trade MAY €-6.0B €-5.2B ®
08:00 AM
IT
Retail Sales MoM MAY 0.8% -0.6% ®
11:00 AM
EA
ECB Nouy Speech
12:00 PM
BR
Inflation Rate YoY JUN 4.39% 2.86%
12:30 PM
CA
Employment Change JUN 31.8K -7.5K
12:30 PM
CA
Full Time Employment Chg JUN 9.1K -31K
12:30 PM
CA
Participation Rate JUN 65.5% 65.3%
12:30 PM
CA
Part Time Employment Chg JUN 22.7K 23.6K
12:30 PM
CA
Unemployment Rate JUN 6% 5.8%
12:30 PM
CA
Balance of Trade MAY C$-2.77B C$-1.86B ®
12:30 PM
US
Average Hourly Earnings MoM JUN 0.2% 0.3%
12:30 PM
US
Unemployment Rate JUN 4% 3.8%
12:30 PM
US
Balance of Trade MAY $-43.1B $-46.1B ®
12:30 PM
US
Non Farm Payrolls JUN 213K 244K ®
01:00 PM
RU
Foreign Exchange Reserves JUN $456.7B $456.6B
01:00 PM
RU
Inflation Rate YoY JUN 2.3% 2.4%
02:00 PM
CA
Ivey PMI s.a JUN 63.1 62.5
Sunday July 08 2018 Actual Previous
03:10 AM
AU
RBA Bullock Speech
08:30 AM
EA
ECB Cœuré Speech
11:50 PM
JP
Current Account MAY ¥1.938T ¥1.845T
Monday July 09 2018 Actual Previous
12:30 AM
JP
BoJ Kuroda Speech
05:45 AM
CH
Unemployment Rate JUN 2.4% 2.4%
06:00 AM
DE
Balance of Trade MAY €19.7B €20.1B ®
07:00 AM
EA
ECB Praet Speech
01:00 PM
EA
ECB Draghi Speech
01:00 PM
IL
Interest Rate Decision 0.1% 0.1%
01:00 PM
MX
Inflation Rate YoY JUN 4.65% 4.51%
01:10 PM
US
Fed Kashkari Speech
03:00 PM
EA
ECB Draghi Speech
EA
EU-Ukraine Summit
Tuesday July 10 2018 Actual Previous
01:00 AM
PH
Balance of Trade MAY $-3701M $-3480M ®
01:30 AM
AU
NAB Business Confidence JUN 6 7 ®
01:30 AM
CN
Inflation Rate MoM JUN -0.1% -0.2%
01:30 AM
CN
PPI YoY JUN 4.7% 4.1%
01:30 AM
CN
Inflation Rate YoY JUN 1.9% 1.8%
06:45 AM
FR
Industrial Production MoM MAY -0.2% -0.5%
08:00 AM
IT
Industrial Production MoM MAY