Week Ahead

Next week, the most important data for the US include the final estimate for GDP growth, PCE inflation, personal income and spending, durable goods and new home sales. Investors will also be looking for updated UK GDP figures; inflation for the Euro Area, Germany, France and Italy; Japan inflation and unemployment and China PMIs. The result of the German federal election will also be on the spotlight.

It will be a busy week in the US. Important data to be released include the final estimate for Q2 GDP growth; new home sales; pending home sales; durable goods; personal income and spending; PCE inflation; the final Michigan consumer sentiment; CB consumer confidence; S&P/Case-Shiller house prices; Chicago Fed National Index; Dallas Fed Manufacturing Index; Richmond Fed Manufacturing Index; Kansas Fed Manufacturing Index; Chicago PMI and final figures for Q2 corporate profits. 

Elsewhere in America, investors will be waiting for Canada monthly GDP and PPI; Brazil unemployment, current account and FDI; Mexico and Colombia monetary policy decisions.

In the United Kingdom, in the spotlight will be: final GDP growth for Q2; BBA mortgage approvals; Gfk consumer confidence; current account; BoE mortgage approvals and lending; BoE consumer credit and Nationwide house prices. 

Elsewhere in Europe, important releases include preliminary inflation figures for the Euro Area, Germany, France, Italy and Spain; Euro Area loan growth and business confidence; Germany IFO business climate, Gfk consumer confidence and unemployment; France business, consumer confidence and unemployment claims; Italy business and consumer confidence.

Next week will provide a deeper update on the Japanese economy. Important data include: flash manufacturing PMI; inflation; unemployment; industrial production; retail sales; construction orders and housing starts. 

China will release figures for official manufacturing and non-manufacturing PMI. Industrial profits and the Caixin manufacturing PMI will also be closely watched.

Joana Taborda | joana.taborda@tradingeconomics.com
9/22/2017 5:18:40 PM