Week Ahead



Next week, the US jobs report for November is the most important event. Elsewhere, China inflation and trade; Australia and South Africa GDP growth and interest rate decisions for India, Australia, Canada and Brazil will also be in the spotlight.

In the US, the most important releases will be nonfarm payrolls, wage growth, trade balance, factory orders, ISM Non-Manufacturing PMI and the preliminary reading of the Michigan consumer sentiment. Other key data include: ADP employment change; Challenger job cuts; wholesale inventories; consumer credit; ISM New York Index; IBD/TIPP Economic Optimism; final readings of unit labour costs and nonfarm productivity; and final Markit Services PMI.

The UK will publish foreign trade, industrial production, construction output, Markit PMIs and Halifax house price index. Elsewhere in Europe, final GDP growth estimates will be released for the Eurozone. Investors will be also waiting for final services PMI for the Eurozone, Germany and France and the first release for Spain and Italy. The Eurostat will also publish retail sales for the Eurozone and Germany will release industrial production, factory orders and trade.

In Japan, markets will focus on the publication of final figures for third quarter GDP, alongside consumer confidence, Nikkei Services PMI and current account. Meanwhile, China will release figures for trade balance, consumer and producer prices, and Caixin Services PMI.

In Australia, the RBA will deliver its latest policy decision, but no changes are expected. Also, key data to watch for will be: third-quarter GDP growth, trade balance; business inventories and company gross profit; retail trade; current account; AIG Services Index and AIG Construction Index.

Other important releases include: Canada interest rate decision and foreign trade; India interest rate decision; South Africa GDP growth; Brazil interest rate decision, inflation and industrial output; and Turkey, Indonesia and Philippines inflation rate.




Joana Taborda | joana.taborda@tradingeconomics.com
12/2/2017 11:47:04 AM