What to Expect This Week

This week, in the United States, the second estimate for Q2 GDP is expected at negative 1.5% q/q annualized. In the Euro Area, industrial new orders are likely to improve and economic confidence should increase for a fifth consecutive month.

In Japan, jobless rate may rise above 5.5%. We are also looking for another drop for both exports and imports. Meanwhile, consumer prices are expected to decline further. In the United Kingdom, it is likely that provisional Q2 GDP will be revised upward as industrial production recovered slightly in recent months. In Canada, retail sales may rise somewhat. In Switzerland, we expect unemployment rate to go up and the KOF economic indicator to improve further. In Australia, we expect another drop in Capital Expenditure. Finally, in New Zealand, trade deficit may improve due to a rebound in exports

Anna Fedec, contact@tradingeconomics.com
8/23/2009 5:49:41 PM