Week Ahead - Jan 23rd

It will be a busy week in the US with releases including the Q4 GDP growth rate, durable goods orders, the PCE price index, personal income and spending, and earnings reports. Also, flash PMI data for January will be published for the US, UK, Japan, and Euro Area countries. Investors will also follow BoC Interest Rate Decision, Germany IFO business climate and GFK consumer confidence, GDP growth rates for South Korea and the Philippines, and the inflation rate for Australia. 
Anna | anna@tradingeconomics.com 1/20/2023 5:06:51 PM
In the US the spotlight will be taken by a preliminary reading of the US Q4 GDP growth and the PCE price index. The US economy has likely grown an annualized 2.8% in the final quarter of 2022, slowing from a 3.2% percent expansion in the prior period. The Fed's preferred inflation gauge is expected to have cooled further in December, following last month's lower-than-anticipated CPI figures and producer prices decline. Still, core PCE inflation is seeing a rise of 0.2% over the previous month. Also, the durable goods orders are likely to rebound by 2.5% MoM in December fueling the debate on whether the world's largest economy is heading toward a recession or is already in one. Additionally, investors will pay close attention to personal spending and income data, which are likely to show that tight financial conditions continue to curb spending. Next week also feature inflation expectations, the S&P Global PMIs, and new and pending home sales. Aside from the economic calendar, the US earnings season will kick into a higher gear as several big tech names report their quarterly results including Microsoft, IBM, Tesla, and Intel.

Elsewhere in America, the BoC is likely to raise its overnight rate by 25bps to 4.50% in its first meeting of 2023, pushing borrowing costs to the highest since 2007. 

In Europe, the Eurozone flash S&P Global PMI survey will probably show the bloc's private sector moved toward stabilization in January, helped by a rebound in the services sector and a softer contraction in the manufacturing sector. Also, consumer confidence in the Euro Area is set to rise to the highest level since February 2022, with the German GFK consumer indicator reaching a 6-month peak. The German Ifo business climate indicator most likely increased for the fourth month. Other data to keep an eye on include Spain preliminary Q4 GDP data and unemployment rate; France, Italy, and Turkey business and consumer survey; Sweden house price index; and Switzerland balance of trade.

In the United Kingdom, the flash PMI survey should point to the sixth consecutive month of contraction in factory activity. Also, fresh data will be released for CBI gauges for factory orders, business optimism, and retail trade, as well as public sector net borrowing. 

In Japan, investors await minutes from the Bank of Japan's latest monetary policy meeting, the Summary of Opinions for insights on the board's decision to maintain the yield curve control unchanged, contrary to speculation, and the country's flash PMI figures for January. Next, South Korea will publish GDP data for the fourth quarter and consumer and business confidence for January. Elsewhere, The Philippines will divulge fourth-quarter growth rates, and Thailand will decide on its monetary policy rate. The main Chinese financial markets and statistical offices will be closed due to New Year's celebrations. 

In Australia, a busy week of economic releases will be headlined by the inflation rate for the fourth quarter, NAB Business Confidence for December, and January's flash PMI. In New Zealand, investors prepare the fourth-quarter inflation print. 






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Friday January 20 2023 Actual Previous Consensus Forecast
12:01 AM
GB
Gfk Consumer Confidence JAN -45 -42 -40 -38
01:15 AM
CN
Loan Prime Rate 1Y 3.65% 3.65% 3.65% 3.65%
01:15 AM
CN
Loan Prime Rate 5Y JAN 4.3% 4.3% 4.3% 4.3%
07:00 AM
DE
PPI MoM DEC -0.4% -3.9% -1.2% -1.8%
07:00 AM
GB
Retail Sales MoM DEC -1% -0.5% ® 0.5% 0.3%
07:00 AM
GB
Retail Sales ex Fuel MoM DEC -1.1% -0.3% 0.4% 0.2%
07:00 AM
GB
Retail Sales YoY DEC -5.8% -5.7% ® -4.1% -4.4%
10:00 AM
EA
ECB President Lagarde Speech
01:30 PM
CA
Retail Sales Ex Autos MoM NOV -0.6% 1.6% ® -0.4% -0.6%
01:30 PM
CA
Retail Sales MoM NOV -0.1% 1.3% ® -0.5% -0.5%
02:00 PM
US
Fed Harker Speech
03:00 PM
US
Existing Home Sales DEC 4.02M 4.08M ® 3.96M 4M
03:00 PM
US
Existing Home Sales MoM DEC -1.5% -7.9% ® -2%
06:00 PM
US
Fed Waller Speech
Sunday January 22 2023 Actual Previous Consensus Forecast
11:50 PM
JP
BoJ Monetary Policy Meeting Minutes
Monday January 23 2023 Actual Previous Consensus Forecast
07:00 AM
TR
Consumer Confidence JAN 79.1 75.6 76.2
01:30 PM
CA
New Housing Price Index MoM DEC 0% -0.2% -0.2% -0.3%
01:30 PM
CA
New Housing Price Index YoY DEC 3.9% 4.1% 3.8%
03:00 PM
EA
Consumer Confidence Flash JAN -20.9 -22 ® -20 -17
05:45 PM
EA
ECB President Lagarde Speech
10:00 PM
AU
Judo Bank Manufacturing PMI Flash JAN 49.8 50.2 49.5
10:00 PM
AU
Judo Bank Services PMI Flash JAN 48.3 47.3 47.5
Tuesday January 24 2023 Actual Previous Consensus Forecast
12:30 AM
AU
NAB Business Confidence DEC -1 -4 3 -2
12:30 AM
JP
Jibun Bank Manufacturing PMI Flash JAN 48.9 48.9 49.4 49.5
12:30 AM
JP
Jibun Bank Services PMI Flash JAN 52.4 51.1 50.6
07:00 AM
DE
GfK Consumer Confidence FEB -33.9 -37.6 ® -33 -34
07:45 AM
FR
Business Confidence JAN 103 102 ® 102 102
08:15 AM
FR
S&P Global Manufacturing PMI Flash JAN 50.8 49.2 49.6 49.8
08:15 AM
FR
S&P Global Services PMI Flash JAN 49.2 49.5 49.8 50.1
08:30 AM
DE
S&P Global Manufacturing PMI Flash JAN 47 47.1 47.9 48.1
08:30 AM
DE
S&P Global Services PMI Flash JAN 50.4 49.2 49.6 49.5
09:00 AM
EA
S&P Global Manufacturing PMI Flash JAN 48.8 47.8 48.5 48.5
09:00 AM
EA
S&P Global Services PMI Flash JAN 50.7 49.8 50.2 50.8
09:30 AM
GB
S&P Global/CIPS Manufacturing PMI Flash JAN 46.7 45.3 45.5 46
09:30 AM
GB
S&P Global/CIPS UK Services PMI Flash JAN 48 49.9 49.7 50
09:45 AM
EA
ECB President Lagarde Speech
11:00 AM
GB
CBI Business Optimism Index Q1 -5 -48 -60
11:00 AM
GB
CBI Industrial Trends Orders JAN -17 -6 -8 -10
02:45 PM
US
S&P Global Composite PMI Flash JAN 46.6 45 45.1
02:45 PM
US
S&P Global Manufacturing PMI Flash JAN 46.8 46.2 46 45
02:45 PM
US
S&P Global Services PMI Flash JAN 46.6 44.7 45 45
09:30 PM
US
API Crude Oil Stock Change JAN/20 3.378M 7.615M 1.600M
Wednesday January 25 2023 Actual Previous Consensus Forecast
12:30 AM
AU
Inflation Rate YoY Q4 7.8% 7.3% 7.5% 7.6%
12:30 AM
AU
Inflation Rate QoQ Q4 1.9% 1.8% 1.6% 1.5%
12:30 AM
AU
Monthly CPI Indicator DEC 8.4% 7.3% 7.6% 7.5%
07:00 AM
TR
Business Confidence JAN 101.7 97.8 99.5
08:00 AM
EA
ECB Non-Monetary Policy Meeting
09:00 AM
DE
Ifo Business Climate JAN 90.2 88.6 90.2 89.9
11:00 AM
FR
Unemployment Benefit Claims DEC 6.2K -64.7K 12K
12:00 PM
US
MBA 30-Year Mortgage Rate JAN/20 6.2% 6.23%
03:00 PM
CA
BoC Interest Rate Decision 4.5% 4.25% 4.5% 4.50%
03:00 PM
CA
BoC Monetary Policy Report
03:30 PM
US
EIA Crude Oil Stocks Change JAN/20 0.533M 8.408M 0.971M
03:30 PM
US
EIA Gasoline Stocks Change JAN/20 1.763M 3.483M 1.767M
04:00 PM
CA
BoC Gov Macklem Speech
04:00 PM
CA
BoC Gov Rogers Speech
09:00 PM
KR
Consumer Confidence JAN 90.7 90.2 ® 90
11:00 PM
KR
GDP Growth Rate QoQ Adv Q4 -0.4% 0.3% -0.3% -0.2%
11:00 PM
KR
GDP Growth Rate YoY Adv Q4 1.4% 3.1% 1.5% 1.6%
11:50 PM
JP
BoJ Summary of Opinions
Thursday January 26 2023 Actual Previous Consensus Forecast
08:00 AM
ES
Unemployment Rate Q4 12.87% 12.67% 12.5% 12.40%
09:00 AM
IT
Business Confidence JAN 102.7 101.5 ® 101.8 101.8
09:00 AM
IT
Consumer Confidence JAN 100.9 102.5 102.7 102.7
11:00 AM
TR
Inflation Report
11:00 AM
TR
MPC Meeting Summary
11:00 AM
GB
CBI Distributive Trades JAN -23 11 -5 -16
12:00 PM
MX
Unemployment Rate DEC 2.8% 2.8% 2.9% 3.1%
01:00 PM
ZA
Interest Rate Decision 7.25% 7% 7.5% 7.5%
01:00 PM
US
Building Permits Final DEC 1.337M 1.351M 1.33M
01:30 PM
US
Durable Goods Orders MoM DEC 5.6% -1.7% ® 2.5% 2.2%
01:30 PM
US
GDP Growth Rate QoQ Adv Q4 2.9% 3.2% 2.6% 2.7%
01:30 PM
US
Chicago Fed National Activity Index NOV -0.51 -0.05 -0.18
01:30 PM
US
Chicago Fed National Activity Index DEC -0.49 -0.51 0.1
01:30 PM
US
Durable Goods Orders Ex Transp MoM DEC -0.1% 0.1% ® -0.2% 0.2%
01:30 PM
US
GDP Price Index QoQ Adv Q4 3.5% 4.4% 3.3% 3.1%
01:30 PM
US
Goods Trade Balance Adv DEC $-90.3B $-82.93B $-82.5B
01:30 PM
US
Initial Jobless Claims JAN/21 186K 192K ® 205K 202K
01:30 PM
US
Retail Inventories Ex Autos MoM Adv DEC 0.3% -0.4% ® 0.5%
01:30 PM
US
Wholesale Inventories MoM Adv DEC 0.1% 0.9% ® 0.4%
03:00 PM
US
New Home Sales DEC 0.616M 0.602M ® 0.617M 0.59M
03:00 PM
US
New Home Sales MoM DEC 2.3% 0.7% ® -2%
09:00 PM
KR
Business Confidence JAN 66 71 68
Friday January 27 2023 Actual Previous Consensus Forecast
12:30 AM
AU
PPI QoQ Q4 0.7% 1.9%
07:45 AM
FR
Consumer Confidence JAN 80 81 ® 83 84
08:00 AM
ES
GDP Growth Rate QoQ Flash Q4 0.2% 0.2% ® 0.1% -0.1%
08:00 AM
ES
GDP Growth Rate YoY Flash Q4 2.7% 4.8% ® 2.2% 1.3%
10:30 AM
EA
ECB President Lagarde Speech
12:00 PM
MX
Balance of Trade DEC $0.984B $-0.096B $1.157B $ 0.88B
01:30 PM
US
Core PCE Price Index MoM DEC 0.3% 0.2% 0.3% 0.1%
01:30 PM
US
Personal Income MoM DEC 0.2% 0.3% ® 0.2% 0.3%
01:30 PM
US
Personal Spending MoM DEC -0.2% -0.1% ® -0.1% -0.1%
01:30 PM
US
PCE Price Index MoM DEC 0.1% 0.1% 0.1%
01:30 PM
US
PCE Price Index YoY DEC 5% 5.5% 5.1%
03:00 PM
US
Michigan Consumer Sentiment Final JAN 64.9 59.7 64.6 64.6
03:00 PM
US
Pending Home Sales MoM DEC 2.5% -2.6% ® -0.9% -1%
03:00 PM
US
Pending Home Sales YoY DEC -33.8% -36.9% ® -25%
Monday January 30 2023 Actual Previous Consensus Forecast
08:00 AM
ES
Inflation Rate MoM Prel JAN -0.3% 0.2% -0.6%
08:00 AM
ES
Inflation Rate YoY Prel JAN 5.8% 5.7% 5.5%
09:00 AM
DE
GDP Growth Rate QoQ Flash Q4 -0.2% 0.5% ® 0% 0.0%
09:00 AM
DE
GDP Growth Rate YoY Flash Q4 1.1% 1.4% ® 1.3% 1.2%
10:00 AM
EA
Economic Sentiment JAN 99.9 97.1 ® 97 96.4
12:00 PM
ES
Business Confidence JAN -4.3 -5.1 -4
03:30 PM
US
Dallas Fed Manufacturing Index JAN -8.4 -20 ® -11
11:30 PM
JP
Unemployment Rate DEC 2.5% 2.5% 2.5% 2.5%
11:50 PM
JP
Industrial Production MoM Prel DEC -0.1% 0.2% -1.2% -1.3%
11:50 PM
JP
Retail Sales YoY DEC 3.8% 2.5% ® 3% 2.4%
Tuesday January 31 2023 Actual Previous Consensus Forecast
12:30 AM
AU
Housing Credit MoM DEC 0.3% 0.4% 0.4%
12:30 AM
AU
Retail Sales MoM Prel DEC -3.9% 1.7% ® -0.3% -0.4%
01:30 AM
CN
NBS Manufacturing PMI JAN 50.1 47.0 49.8 49.5
01:30 AM
CN
NBS Non Manufacturing PMI JAN 54.4 41.6 47.3
01:30 AM
IF
IMF/World Economic Outlook
05:00 AM
JP
Consumer Confidence JAN 31 30.3 30.5 30
05:00 AM
JP
Housing Starts YoY DEC -1.7% -1.4% 0.5% 0.3%
06:00 AM
SA
GDP Growth Rate YoY Prel Q4 5.4% 8.7% ® 4.8%
06:30 AM
FR
GDP Growth Rate QoQ Prel Q4 0.1% 0.2% 0% 0.0%
06:30 AM
FR
GDP Growth Rate YoY Prel Q4 0.5% 1% 0.5% 0.4%
07:00 AM
DE
Retail Sales MoM DEC -5.3% 1.9% ® 0.2% 0.4%
07:00 AM
DE
Retail Sales YoY DEC -6.4% -5.9% -1.8% -3%
07:45 AM
FR
Inflation Rate YoY Prel JAN 6% 5.9% 6.1% 6.1%
07:45 AM
FR
Inflation Rate MoM Prel JAN 0.4% -0.1% 0.5% 0.5%
08:55 AM
DE
Unemployed Persons JAN 2.498M 2.51M ® 2.50M
08:55 AM
DE
Unemployment Change JAN -15K -16K ® 5K 2K
08:55 AM
DE
Unemployment Rate JAN 5.5% 5.5% 5.5% 5.5%
09:00 AM
IT
Unemployment Rate DEC 7.8% 7.8% 7.8% 7.8%
09:30 AM
GB
BoE Consumer Credit DEC £0.493B £1.488B ® £1.05B £ 1.31B
09:30 AM
GB
Mortgage Approvals DEC 35.612K 46.186K ® 45K 45K
09:30 AM
GB
Mortgage Lending DEC £3.238B £4.26B ® £4B £4.0B
10:00 AM
EA
GDP Growth Rate QoQ Flash Q4 0.1% 0.3% -0.1% 0.0%
10:00 AM
EA
GDP Growth Rate YoY Flash Q4 1.9% 2.3% 1.8% 1.6%
10:00 AM
IT
GDP Growth Rate QoQ Adv Q4 -0.1% 0.5% -0.2% -0.2%
10:00 AM
IT
GDP Growth Rate YoY Adv Q4 1.7% 2.7% ® 1.6% 1.4%
12:00 PM
MX
GDP Growth Rate QoQ Prel Q4 0.4% 1% ® 0.3% 0.4%
12:00 PM
MX
GDP Growth Rate YoY Prel Q4 3.5% 4.3% 3.5% 3%
12:00 PM
ZA
Balance of Trade DEC ZAR5.43B ZAR7.30B ® ZAR5.5B ZAR 6.3B
01:30 PM
CA
GDP MoM NOV 0.1% 0.1% 0.1% 0.0%
01:30 PM
CA
GDP MoM Prel DEC 0% 0.1% ® 0.0%
01:30 PM
US
Employment Cost - Benefits QoQ Q4 0.8% 1% 0.8%
01:30 PM
US
Employment Cost - Wages QoQ Q4 1% 1.3% 1%
01:30 PM
US
Employment Cost Index QoQ Q4 1% 1.2% 1.1% 1%
02:00 PM
US
S&P/Case-Shiller Home Price MoM NOV -0.8% -0.8% -1%
02:00 PM
US
S&P/Case-Shiller Home Price YoY NOV 6.8% 8.7% ® 6.8% 6.5%
02:45 PM
US
Chicago PMI JAN 44.3 44.9 45 43
03:00 PM
US
CB Consumer Confidence JAN 107.1 109 ® 109 109
09:30 PM
US
API Crude Oil Stock Change JAN/27 6.33M 3.378M -1.000M
10:00 PM
AU
Judo Bank Manufacturing PMI Final JAN 50 50.2 49.8
Wednesday February 01 2023 Actual Previous Consensus Forecast
12:00 AM
KR
Exports YoY JAN -16.6% -9.6% ® -11.3%
12:30 AM
JP
Jibun Bank Manufacturing PMI Final JAN 48.9 48.9 48.9
12:30 AM
KR
S&P Global Manufacturing PMI JAN 48.5 48.2 48.5
01:45 AM
CN
Caixin Manufacturing PMI JAN 49.2 49 49.5 50
04:00 AM
ID
Inflation Rate YoY JAN 5.28% 5.51% 5.4% 5.4%
05:00 AM
IN
S&P Global Manufacturing PMI JAN 55.4 57.8 57.4 56
06:00 AM
RU
S&P Global Manufacturing PMI JAN 52.6 53 52.3
07:00 AM
GB
Nationwide Housing Prices MoM JAN -0.6% -0.3% ® -0.3% -0.3%
07:00 AM
GB
Nationwide Housing Prices YoY JAN 1.1% 2.8% 1.9% 2.5%
08:15 AM
ES
S&P Global Manufacturing PMI JAN 48.4 46.4 48 47.8
08:45 AM
IT
S&P Global Manufacturing PMI JAN 50.4 48.5 49.6 49.2
08:50 AM
FR
S&P Global Manufacturing PMI Final JAN 50.5 49.2 50.8 50.8
08:55 AM
DE
S&P Global Manufacturing PMI Final JAN 47.3 47.1 47 47
09:00 AM
EA
S&P Global Manufacturing PMI Final JAN 48.8 47.8 48.8 48.8
09:30 AM
GB
S&P Global/CIPS Manufacturing PMI Final JAN 47 45.3 46.7 46.7
10:00 AM
EA
Inflation Rate YoY Flash JAN 8.5% 9.2% 9% 8.9%
10:00 AM
EA
Unemployment Rate DEC 6.6% 6.6% ® 6.5% 6.5%
10:00 AM
EA
Core Inflation Rate YoY Flash JAN 5.2% 5.2% 5.1% 5.5%
10:00 AM
EA
Inflation Rate MoM Flash JAN -0.4% -0.4% -0.2%
10:00 AM
IT
Inflation Rate YoY Prel JAN 10.1% 11.6% 10.1% 10.4%
10:00 AM
IT
Inflation Rate MoM Prel JAN 0.2% 0.3% 0.1% 0.5%
10:30 AM
DE
10-Year Bund Auction 2.27% 2.25%
12:00 PM
MX
Business Confidence JAN 49.8 49.4 ® 49
12:00 PM
US
MBA 30-Year Mortgage Rate JAN/27 6.19% 6.2%
01:15 PM
US
ADP Employment Change JAN 106K 253K ® 178K 131K
02:30 PM
CA
S&P Global Manufacturing PMI JAN 51 49.2 49
02:45 PM
US
S&P Global Manufacturing PMI Final JAN 46.9 46.2 46.8
03:00 PM
US
ISM Manufacturing PMI JAN 47.4 48.4 48 48
03:00 PM
US
JOLTs Job Openings DEC 11.012M 10.44M ® 10.25M 9.5M
03:00 PM
US
ISM Manufacturing Employment JAN 50.6 50.8 ® 49 51
03:30 PM
US
EIA Crude Oil Stocks Change JAN/27 4.14M 0.533M 0.376M
03:30 PM
US
EIA Gasoline Stocks Change JAN/27 2.576M 1.763M 1.442M
06:00 PM
BR
Balance of Trade JAN $2.717B $4.8B $3B $2.3B
07:00 PM
US
Fed Interest Rate Decision 4.75% 4.5% 4.75% 4.75%
07:30 PM
US
Fed Press Conference
09:30 PM
BR
Interest Rate Decision 13.75% 13.75% 13.75% 13.75%
11:00 PM
KR
Inflation Rate YoY JAN 5.2% 5% 4.95% 4.8%
IN
Union Budget 2023-24
Thursday February 02 2023 Actual Previous Consensus Forecast
12:30 AM
AU
Building Permits MoM Prel DEC 18.5% -8.8% ® 1% -2.3%
07:00 AM
DE
Balance of Trade DEC €9.7B €11.2B ® €5.1B
08:00 AM
ES
Unemployment Change JAN 70.74K -43.727K 5K
08:30 AM
TR
Balance of Trade Prel JAN $-14.3B $-10.38B
12:00 PM
GB
BoE Interest Rate Decision 4% 3.5% 4% 4%
12:00 PM
GB
BoE Monetary Policy Report
12:00 PM
GB
BoE MPC Vote Cut 0/9 0/9 0/9
12:00 PM
GB
BoE MPC Vote Hike 7/9 7/9 7/9
12:00 PM
GB
BoE MPC Vote Unchanged 2/9 2/9 2/9
12:00 PM
GB
MPC Meeting Minutes
01:15 PM
EA
Deposit Facility Rate 2.5% 2% 2.5% 2.5%
01:15 PM
EA
ECB Interest Rate Decision 3% 2.5% 3% 3.0%
01:30 PM
US
Initial Jobless Claims JAN/28 183K 186K 200K 187.0K
01:30 PM
US
Nonfarm Productivity QoQ Prel Q4 3% 1.4% ® 2.4% 2.2%
01:30 PM
US
Unit Labour Costs QoQ Prel Q4 1.1% 2% ® 1.5% 1.7%
01:45 PM
EA
ECB Press Conference
03:00 PM
US
Factory Orders MoM DEC 1.8% -1.9% ® 2.2% 1.2%
03:15 PM
EA
ECB President Lagarde Speech
10:00 PM
AU
Judo Bank Services PMI Final JAN 48.6 47.3 48.3
Friday February 03 2023 Actual Previous Consensus Forecast
12:30 AM
AU
Home Loans MoM DEC -4.2% -3.8% -2.75% -2.7%
12:30 AM
AU
Investment Lending for Homes DEC -4.4% -3.6% -2.4%
12:30 AM
JP
Jibun Bank Services PMI Final JAN 52.3 51.1 52.4
01:45 AM
CN
Caixin Services PMI JAN 52.9 48 52
07:00 AM
TR
Inflation Rate MoM JAN 6.65% 1.18% 3.8% 0.9%
07:00 AM
TR
Inflation Rate YoY JAN 57.68% 64.27% 53.5% 61.0%
07:45 AM
FR
Industrial Production MoM DEC 1.5% 2% 0.2% 0.6%
08:15 AM
ES
S&P Global Services PMI JAN 52.7 51.6 52.5 51.9
08:45 AM
IT
S&P Global Services PMI JAN 51.2 49.9 51 50.3
08:50 AM
FR
S&P Global Services PMI Final JAN 49.4 49.5 49.2 49.2
08:55 AM
DE
S&P Global Services PMI Final JAN 50.7 49.2 50.4 50.4
09:00 AM
EA
S&P Global Services PMI Final JAN 50.8 49.8 50.7 50.7
09:30 AM
GB
S&P Global/CIPS UK Services PMI Final JAN 48.7 49.9 48 48
12:00 PM
BR
Industrial Production MoM DEC 0% -0.1% 0% 0.1%
12:00 PM
MX
Consumer Confidence JAN 44.2 42.7 ® 42
12:15 PM
GB
BoE Pill Speech
01:00 PM
BR
S&P Global Services PMI JAN 50.7 51 50
01:30 PM
US
Non Farm Payrolls JAN 517K 260K ® 185K 190K
01:30 PM
US
Unemployment Rate JAN 3.4% 3.5% 3.6% 3.6%
01:30 PM
US
Average Hourly Earnings MoM JAN 0.3% 0.4% ® 0.3% 0.3%
01:30 PM
US
Average Hourly Earnings YoY JAN 4.4% 4.9% ® 4.3% 4.4%
01:30 PM
US
Participation Rate JAN 62.4% 62.3% 62.3%
02:45 PM
US
S&P Global Composite PMI Final JAN 46.8 45 46.6 46.6
02:45 PM
US
S&P Global Services PMI Final JAN 46.8 44.7 46.6 46.6
03:00 PM
US
ISM Non-Manufacturing PMI JAN 55.2 49.2 ® 50.4 50.6
03:00 PM
US
ISM Non-Manufacturing Employment JAN 50 49.4 ® 50
Monday February 06 2023 Actual Previous Consensus Forecast
04:00 AM
ID
Full Year GDP Growth 2023 5.31% 3.70% ® 5.29% 5.2%
04:00 AM
ID
GDP Growth Rate QoQ Q4 0.36% 1.83% ® 0.33% 0.4%
04:00 AM
ID
GDP Growth Rate YoY Q4 5.01% 5.73% ® 4.84% 4.8%
07:00 AM
DE
Factory Orders MoM DEC 3.2% -4.4% ® 2% 1.9%
08:30 AM
DE
S&P Global Construction PMI JAN 43.3 41.7 43
08:40 AM
GB
BoE L Mann Speech
09:30 AM
GB
S&P Global/CIPS Construction PMI JAN 48.4 48.8 46.5
10:00 AM
EA
Retail Sales MoM DEC -2.7% 1.2% ® -2.5% -2.3%
10:00 AM
EA
Retail Sales YoY DEC -2.8% -2.5% ® -2.7% -2.6%
12:30 PM
ES
Consumer Confidence JAN 73 68 59.3 65
03:00 PM
CA
Ivey PMI s.a JAN 60.1 49.3 ® 42.3 40
06:00 PM
EA
ECB President Lagarde Speech
Tuesday February 07 2023 Actual Previous Consensus Forecast
12:01 AM
GB
BRC Retail Sales Monitor YoY JAN 3.9% 6.5% 3.9%
12:30 AM
AU
Balance of Trade DEC A$12.237B A$13.475B ® A$12.5B A$11.5B
03:30 AM
AU
RBA Interest Rate Decision 3.35% 3.1% 3.35% 3.35%
07:00 AM
DE
Industrial Production MoM DEC -3.1% 0.4% ® -0.7% -1.4%
07:00 AM
GB
Halifax House Price Index MoM JAN 0% -1.3% ® -0.8% -0.3%
07:00 AM
GB
Halifax House Price Index YoY JAN 1.9% 2.1% ® -0.3% 1.8%
07:45 AM
FR
Balance of Trade DEC €-14.93B €-13.77B €-12.2B € -12.4B
11:00 AM
BR
BCB Copom Meeting Minutes
01:30 PM
CA
Balance of Trade DEC C$-0.16B C$-0.22B ® C$-0.5B C$-0.4B
01:30 PM
US
Balance of Trade DEC $-67.4B $-61B ® $-68.5B $-68.8B
01:30 PM
US
Exports DEC $250.2B $252.4B ® $249.4B
01:30 PM
US
Imports DEC $317.6B $313.4B $318.2B
03:00 PM
US
IBD/TIPP Economic Optimism FEB 45.1 42.3 42.9
05:40 PM
US
Fed Chair Powell Speech
05:45 PM
CA
BoC Gov Macklem Speech
07:00 PM
US
Fed Barr Speech
09:30 PM
US
API Crude Oil Stock Change FEB/03 -2.184M 6.33M 2.150M
10:20 PM
AU
Ai Group Industry Index JAN -11.6 -1.1
11:50 PM
JP
Current Account DEC ¥33.4B ¥1803.6B ¥98.4B ¥ 2100.0B
Wednesday February 08 2023 Actual Previous Consensus Forecast
04:30 AM
IN
RBI Interest Rate Decision 6.5% 6.25% 6.5% 6.5%
09:00 AM
IT
Retail Sales MoM DEC -0.2% 0.8% -0.8% -0.2%
12:00 PM
US
MBA 30-Year Mortgage Rate FEB/03 6.18% 6.19%
02:15 PM
US
Fed Williams Speech
03:00 PM
US
Fed Barr Speech
03:30 PM
US
EIA Crude Oil Stocks Change FEB/03 2.423M 4.14M 2.457M
03:30 PM
US
EIA Gasoline Stocks Change FEB/03 5.008M 2.576M 1.271M
04:00 PM
RU
Unemployment Rate DEC 3.7% 3.7% 4% 3.8%
06:30 PM
CA
BoC Summary of Deliberations
06:45 PM
US
Fed Waller Speech
Thursday February 09 2023 Actual Previous Consensus Forecast
07:00 AM
DE
Inflation Rate YoY Prel JAN 8.7% 8.6% 8.9% 9.1%
07:00 AM
DE
Inflation Rate MoM Prel JAN 1% -0.8% 0.8% 0.9%
09:45 AM
GB
BoE Monetary Policy Report Hearings
12:00 PM
BR
Inflation Rate MoM JAN 0.53% 0.62% 0.57% 0.58%
12:00 PM
BR
Inflation Rate YoY JAN 5.77% 5.79% 5.8% 5.92%
12:00 PM
BR
Retail Sales MoM DEC -2.6% -0.9% ® -0.7% -0.4%
12:00 PM
MX
Inflation Rate MoM JAN 0.68% 0.38% 0.64% 0.39%
12:00 PM
MX
Inflation Rate YoY JAN 7.91% 7.82% 7.89% 7.58%
01:30 PM
US
Initial Jobless Claims FEB/04 196K 183K 190K 189.0K
EU
Special European Council Meeting
Friday February 10 2023 Actual Previous Consensus Forecast
12:30 AM
AU
RBA Statement on Monetary Policy
01:30 AM
CN
Inflation Rate YoY JAN 2.1% 1.8% 2.2% 2%
01:30 AM
CN
Inflation Rate MoM JAN 0.8% 0% 0.7% 0.6%
01:30 AM
CN
PPI YoY JAN -0.8% -0.7% -0.5% -1.3%
07:00 AM
TR
Industrial Production YoY DEC -0.2% -1.1% ® -1.35% -1.5%
07:00 AM
TR
Unemployment Rate DEC 10.3% 10.2% 10.5%
07:00 AM
GB
GDP Growth Rate QoQ Prel Q4 0% -0.2% ® 0% 0.1%
07:00 AM
GB
GDP Growth Rate YoY Prel Q4 0.4% 1.9% 0.4% 0.2%
07:00 AM
GB
GDP MoM DEC -0.5% 0.1% -0.3% -0.1%
07:00 AM
GB
Business Investment QoQ Prel Q4 4.8% -3.2% ® -0.3% 0.0%
07:00 AM
GB
GDP 3-Month Avg DEC 0% -0.1% ® 0% 0.1%
07:00 AM
GB
Goods Trade Balance DEC £-19.271B £-14.655B ® £-16.4B £ -17.8B
07:00 AM
GB
Goods Trade Balance Non-EU DEC £-7.484B £-3.493B ® £ -8.1B
07:00 AM
GB
Industrial Production MoM DEC 0.3% 0.1% ® -0.2% 0.0%
07:00 AM
GB
Manufacturing Production MoM DEC 0% -0.6% ® -0.2% -0.2%
09:00 AM
CN
Current Account Prel Q4 $106.8B $144.3B $90.0B
09:00 AM
IT
Industrial Production MoM DEC 1.6% -0.1% ® -0.1% -0.1%
12:00 PM
IN
Industrial Production YoY DEC 4.3% 7.3% ® 4.5% 3.2%
12:00 PM
IN
Manufacturing Production YoY DEC 2.6% 6.4% ® 4%
01:30 PM
CA
Unemployment Rate JAN 5% 5% 5.1% 5.2%
01:30 PM
CA
Employment Change JAN 150K 69.2K ® 15K 15K
01:30 PM
CA
Full Time Employment Chg JAN 121.1K 70.9K ® 5K
01:30 PM
CA
Part Time Employment Chg JAN 28.9K -1.7K ® 10K
01:30 PM
CA
Participation Rate JAN 65.7% 65.4% ® 64.9%
02:00 PM
EA
ECB Schnabel Speech
03:00 PM
BR
Business Confidence FEB 50.6 48.6 48