What to Expect This Week

This week, in the United States, third quarter GDP is expected to show a return to growth. Elsewhere, business sentiment shown by the Chicago PMI and ISM manufacturing figures should improve further.

Also, durable goods orders likely increased in September. In the Euro Area, CPI is expected to remain in negative territory and unemployment rate to rise further. In Japan, industrial production may still rise in September, although slightly less than in August. However, core inflation is likely to stay in deflationary territory and unemployment rate to go up. In the United Kingdom, housing market should show some signs of improvement as mortgage approvals along with house prices may rise. In Canada, August GDP may rise slightly on better exports and higher oil prices. Finally, in Australia, inflation is expected to show an uptick which could justify the recent rate hike by the Reserve Bank of Australia.

Anna Fedec, contact@tradingeconomics.com
10/25/2009 11:50:48 AM