What to Expect This Week

This week, in the United States, we are looking for a 150K decline in Non-Farm Payrolls and a slight uptick in unemployment rate to 9.8%. Yet, consumer confidence is likely to improve further as well as ISM business sentiment.

In Europe, we expect a sixth consecutive rise in economic confidence across the Euro Area. However, we are also looking for a rise in unemployment despite the implementation of several government working schemes. In the United Kingdom, the final estimate of Q2 GDP is the key release and we expect it to be revised slightly up. In Japan, unemployment rate is expected to rise and core CPI is to fall again due to an ongoing decline in utility prices. Nonetheless, Japan’s industrial production should show some signs of improvement. In Canada, July GDP should come in better than expected. In Australia, retail sales are expected to grow as consumers feel more confident about the future.

Anna Fedec, contact@tradingeconomics.com
9/26/2009 1:49:45 PM