What to Expect This Week

This week, in the United States, economic activity numbers should validate expectations the world’s largest economy is stabilizing. Investors are looking for advance retail sales to improve significantly, industrial production to rise and headline inflation to decline at a slower pace.

In the Euro Area, industrial production may improve slightly and trade surplus increase. Yet, employment probably continued to fall for the fourth consecutive quarter. In addition, it is expected that inflation will be revised down from the flash estimate. In Japan, financial markets will remain focused on the incoming Democratic Party of Japan government's policy proposals. Also, the Bank of Japan will meet but we don’t expect any changes in the current monetary policy. In the United Kingdom, CPI may come in weaker than expected but retail sales should register another monthly gain. In Canada, headline inflation is likely to decrease. Finally, the Swiss National Bank will probably leave interest rates unchanged. Switzerland was recently considered the world’s most competitive economy by the World Economic Forum.

Anna Fedec, contact@tradingeconomics.com
9/13/2009 6:59:05 PM