What to Expect This Week


This week, in the United States, retail sales is likely to drop slightly in April due to a decline in car sales. Also, the trade deficit may widen in March as higher oil prices prompted growth in imports. In addition, industrial production probably edged higher in April as manufacturing payrolls rose.

 In the Euro Area, policymakers are likely to disclose more details about the new European stabilization fund aimed at containing the systemic risks of Greece's debt troubles. Moreover, first quarter GDP data should show some growth and March industrial production is likely to record stronger gains than expected. In the United Kingdom, we expect the Bank of England to leave its benchmark interest rate at 0.5%. In addition, unemployment rate is likely to stay unchanged and trade deficit to widen slightly. In Canada, trade balance may stay in positive territory as the decline in imports more than balanced the decrease in exports. In Australia, the unemployment rate will probably fall in April. Finally, in China, inflation rate may edge up and imports outpace exports for the second month in a row.


TradingEconomics.com
5/9/2010 5:18:52 PM