Week Ahead


Next week, the most important data for the US include the second estimate of GDP growth, ISM Manufacturing PMI, personal income and spending, PCE inflation, and pending and new home sales. Investors will also be looking for updated UK GfK consumer confidence and BoE monetary indicators; the Euro Area business survey, inflation and jobless rate; Japan inflation, unemployment and household spending; China PMIs; and Canada, India and Brazil GDP figures.

In the US, the most important releases will be the second estimate of GDP growth for the third quarter, ISM Manufacturing PMI, personal income and spending, PCE prices, and pending and new home sales. Other important data include: Construction spending; total vehicle sales; house prices from both S&P/Case-Shiller and Fannie Mae and Freddie Mac; CB consumer confidence; Dallas Fed Manufacturing Index; Richmond Fed Manufacturing Index; Chicago PMI; corporate profits; advance estimates of goods trade balance and wholesale inventories; and the final reading of Markit Manufacturing PMI.

In the UK, investors will be closely watching GfK consumer confidence, Bank of England's consumer credit and mortgage approvals, Markit Manufacturing PMI and Nationwide house prices. Elsewhere in Europe, third quarter GDP figures and Manufacturing PMIs will be released for several countries. Markets will also focus on the Eurozone business survey, inflation rate and unemployment rate; Germany GfK consumer confidence, inflation, retail trade and jobless rate; France consumer sentiment; and Italy business and consumer morale.

In Japan, important data include inflation rate, unemployment, household spending, retail trade, industrial production, construction orders and housing starts. Meanwhile, China will release figures for official manufacturing and non-manufacturing PMI. Industrial profits and the Caixin manufacturing PMI will also be closely watched. In Australia, HIA new home sales, private sector credit, building permits and AIG Manufacturing Index will be in the spotlight.

Other important releases include: Canada GDP figures, unemployment and current account; India GDP growth rate and Nikkei Manufacturing PMI; Brazil GDP growth and Markit Manufacturing PMI; South Korea final reading of Q3 GDP growth, interest rate decision, inflation and foreign trade; and Mexico trade balance and unemployment rate.


Joana Ferreira | joana.ferreira@tradingeconomics.com
11/24/2017 4:49:06 PM



 


Friday November 24 2017 Actual Previous Consensus
12:30 AM
JP
Nikkei Manufacturing PMI Flash NOV 53.8 52.8
04:00 AM
MY
Inflation Rate YoY OCT 3.7% 4.3%
08:15 AM
CH
Industrial Production YoY Q3 8.6% 3.2% ®
09:00 AM
DE
IFO Current Conditions NOV 124.4 124.8
09:00 AM
DE
IFO Expectations NOV 111.0 109.2 ®
09:00 AM
DE
IFO Business Climate NOV 117.5 116.8 ®
09:30 AM
GB
BBA Mortgage Approvals OCT 40.5K 41.6K ®
11:30 AM
TR
Business Confidence NOV 106.3 109.5
11:30 AM
TR
Capacity Utilization NOV 79.9% 79.7%
02:00 PM
MX
GDP Growth Rate QoQ Final Q3 -0.3% 0.3% ®
02:00 PM
MX
GDP Growth Rate YoY Final Q3 1.5% 1.9%
02:45 PM
US
Markit Services PMI Flash NOV 54.7 55.3
02:45 PM
US
Markit Composite PMI Flash NOV 54.6 55.2
02:45 PM
US
Markit Manufacturing PMI Flash NOV 53.8 54.6
05:00 PM
FR
Unemployment Benefit Claims OCT 8K -64.8K
Monday November 27 2017 Actual Previous Consensus
09:00 AM
IT
Consumer Confidence NOV 114.3 116.0 ®
09:00 AM
IT
Business Confidence NOV 110.8 110.9 ®
02:00 PM
MX
Balance of Trade OCT $-2.066B $-1.886B
03:00 PM
US
New Home Sales OCT 0.685M 0.645M ®
03:00 PM
US
New Home Sales MoM OCT 6.2% 14.2% ®
03:30 PM
US
Dallas Fed Manufacturing Index NOV 19.4 27.6
09:00 PM
KR
Business Confidence NOV 83 81
11:30 PM
US
Fed Kashkari Speech
Tuesday November 28 2017 Actual Previous Consensus
12:00 AM
US
Fed Dudley Speech
07:00 AM
GB
BoE Financial Stability Report
07:45 AM
FR
Consumer Confidence NOV 102 100
10:00 AM
ZA
Business Confidence Q4 34 35
12:00 PM
DE
GfK Consumer Confidence DEC 10.7 10.7
01:30 PM
US
Wholesale Inventories MoM Adv OCT -0.4% 0.1% ®
02:00 PM
MX
Unemployment Rate OCT 3.50% 3.60%
02:00 PM
US
S&P/Case-Shiller Home Price YoY SEP 6.2% 5.8% ®
02:00 PM
US
S&P/Case-Shiller Home Price MoM SEP 0.4% 0.4%
02:15 PM
US
Fed Dudley Speech
03:00 PM
US
Fed Powell Speech
03:00 PM
US
CB Consumer Confidence NOV 129.5 126.2 ®
03:30 PM
CA
BoC Financial System Review
04:30 PM
CA
BoC Press Conference
09:30 PM
US
API Crude Oil Stock Change 24/NOV 1.821M -6.356M
11:50 PM
JP
Retail Sales YoY OCT -0.2% 2.3% ®
Wednesday November 29 2017 Actual Previous Consensus
05:30 AM
NL
Business Confidence NOV 9.1 8.2
07:00 AM
JP
BoJ Nakaso Speech
07:00 AM
CH
UBS Consumption Indicator OCT 1.54 1.51 ®
07:45 AM
FR
GDP Growth Rate QoQ 2nd Est Q3 0.5% 0.6%
08:00 AM
ES
Inflation Rate YoY Prel NOV 1.6% 1.6%
08:30 AM
SE
GDP Growth Rate QoQ Q3 0.8% 1.2% ®
08:30 AM
SE
GDP Growth Rate YoY Q3 2.9% 2.7% ®
09:30 AM
GB
Mortgage Approvals OCT 64.58K 66.11K ®
09:30 AM
GB
Mortgage Lending OCT £3.39B £3.75B ®
09:30 AM
GB
BoE Consumer Credit OCT £1.451B £1.484B ®
10:00 AM
EA
Business Confidence NOV 1.49 1.44
10:00 AM
EA
Industrial Sentiment NOV 8.2 8.0 ®
10:00 AM
EA
Services Sentiment NOV 16.3 16.2
10:00 AM
EA
Economic Sentiment NOV 114.6 114.1 ®
10:00 AM
EA
ECB Financial Stability Review
01:00 PM
DE
Inflation Rate YoY Prel NOV 1.8% 1.6%
01:30 PM
US
GDP Growth Rate QoQ 2nd Est Q3 3.3% 3.1%
01:30 PM
US
Core PCE Prices QoQ 2 Est Q3 1.4% 0.9%
01:30 PM
US
GDP Price Index QoQ 2nd Est Q3 2.1% 1.0%
01:30 PM
US
PCE Prices QoQ 2 Est Q3 1.5% 0.3%
01:30 PM
US
Corporate Profits QoQ Prel Q3 5.8% 0.1%
01:30 PM
US
Fed Dudley Speech
03:00 PM
US
Fed Yellen Speech
03:00 PM
US
Pending Home Sales YoY OCT -0.6% -3.9% ®
03:00 PM
US
Pending Home Sales MoM OCT 3.5% -0.4% ®
03:30 PM
US
EIA Gasoline Stocks Change 24/NOV 3.627M 0.044M
03:30 PM
US
EIA Crude Oil Stocks Change 24/NOV -3.429M -1.855M
06:30 PM
MX
Banxico Inflation Report
06:50 PM
US
Fed Williams Speech
11:20 PM
GB
GfK Consumer Confidence NOV -12 -10
11:50 PM
JP
Industrial Production MoM Prel OCT 0.5% -1.0%
11:50 PM
JP
Industrial Production YoY Prel OCT 5.9% 2.6%
Thursday November 30 2017 Actual Previous Consensus
12:30 AM
AU
Private Sector Credit YoY OCT 5.3% 5.4%
12:30 AM
AU
Private Sector Credit MoM OCT 0.4% 0.3%
12:30 AM
AU
Building Permits MoM OCT 0.9% 0.6% ®
12:30 AM
AU
Private Capital Expenditure QoQ Q3 1.0% 1.1% ®
01:00 AM
CN
NBS Manufacturing PMI NOV 51.8 51.6
01:00 AM
CN
Non Manufacturing PMI NOV 54.8 54.3
01:00 AM
KR
Interest Rate Decision 1.50% 1.25%
01:30 AM
JP
BoJ Harada Speech
05:00 AM
JP
Housing Starts YoY OCT -4.8% -2.9%
06:45 AM
CH
GDP Growth Rate YoY Q3 1.2% 0.5% ®
06:45 AM
CH
GDP Growth Rate QoQ Q3 0.6% 0.4% ®
07:00 AM
DK
GDP Growth Rate QoQ Prel Q3 -0.6% 0.6% ®
07:00 AM
DK
GDP Growth Rate YoY Prel Q3 1.3% 2.5% ®
07:00 AM
DE
Retail Sales MoM OCT -1.2% 0.5%
07:00 AM
DE
Retail Sales YoY OCT -1.4% 4.1%
07:00 AM
DE
Unemployment Rate Harmonised OCT 3.6% 3.6%
07:00 AM
TR
Balance of Trade OCT $-7.32B $-8.15B ®
07:00 AM
GB
Nationwide Housing Prices YoY NOV 2.5% 2.5%
07:00 AM
GB
Nationwide Housing Prices MoM NOV 0.1% 0.2%
07:45 AM
FR
Inflation Rate YoY Prel NOV 1.2% 1.1%
08:00 AM
ES
GDP Growth Rate YoY Final Q3 3.1% 3.1%
08:00 AM
ES
GDP Growth Rate QoQ Final Q3 0.8% 0.9%
08:00 AM
CH
KOF Leading Indicators NOV 110.3 109.8 ®
08:15 AM
CH
Retail Sales YoY OCT -3.0% 0.5% ®
08:55 AM
DE
Unemployment Rate NOV 5.6% 5.6%
08:55 AM
DE
Unemployment Change NOV -18K -12K ®
09:00 AM
IT
Unemployment Rate OCT 11.1% 11.1%
09:00 AM
PL
GDP Growth Rate YoY Final Q3 4.9% 4.0%
09:00 AM
PL
GDP Growth Rate QoQ Final Q3 1.2% 0.9%
10:00 AM
EA
ECB Praet Speech
10:00 AM
EA
Inflation Rate YoY Flash NOV 1.5% 1.4%
10:00 AM
EA
Core Inflation Rate YoY Flash NOV 0.9% 0.9%
10:00 AM
EA
Unemployment Rate OCT 8.8% 8.9%
10:00 AM
IT
Inflation Rate MoM Prel NOV -0.2% -0.2%
10:00 AM
IT
Inflation Rate YoY Prel NOV 0.9% 1.0%
10:05 AM
ES
Business Confidence NOV 2.5 2.5
11:00 AM
BR
Unemployment Rate OCT 12.2% 12.4%
11:00 AM
TR
CBRT Financial Stability Report
12:00 PM
IN
GDP Growth Rate YoY Q3 6.3% 5.7%
12:15 PM
ZA
Balance of Trade OCT ZAR4.56B ZAR4.48B ®
01:00 PM
PL
Inflation Rate YoY Flash NOV 2.5% 2.1%
01:30 PM
CA
Current Account Q3 C$-19.4B C$-15.6B ®
01:30 PM
US
PCE Price Index MoM OCT 0.1% 0.4%
01:30 PM
US
PCE Price Index YoY OCT 1.6% 1.7% ®
01:30 PM
US
Personal Spending MoM OCT 0.3% 0.9% ®
01:30 PM
US
Personal Income MoM OCT 0.4% 0.4%
01:30 PM
US
Initial Jobless Claims 25/NOV 238K 240K ®
02:45 PM
US
Chicago PMI NOV 63.9 66.2
03:30 PM
US
EIA Natural Gas Stocks Change NOV/24 -33Bcf -46Bcf
05:30 PM
US
Fed Quarles Speech
06:00 PM
US
Fed Kaplan Speech
10:30 PM
AU
AIG Manufacturing Index NOV 57.3 51.1
11:00 PM
KR
Inflation Rate YoY NOV 1.3% 1.8%
11:00 PM
KR
GDP Growth Rate QoQ Final Q3 1.5% 0.6%
11:00 PM
KR
GDP Growth Rate YoY Final Q3 3.8% 2.7%
11:30 PM
JP
Core Inflation Rate YoY OCT 0.8% 0.7%
11:30 PM
JP
Inflation Rate YoY OCT 0.2% 0.7%
11:30 PM
JP
Jobs/applications ratio OCT 1.55 1.52
11:30 PM
JP
Unemployment Rate OCT 2.8% 2.8%
AT
OPEC Meeting
Friday December 01 2017 Actual Previous Consensus
12:00 AM
KR
Balance of Trade NOV $7.80B $7.14B ®
12:30 AM
JP
Nikkei Manufacturing PMI Final NOV 53.6 53.8
01:45 AM
CN
Caixin Manufacturing PMI NOV 50.8 51.0
05:00 AM
IN
Nikkei Manufacturing PMI NOV 52.6 50.3
06:00 AM
RU
Markit Manufacturing PMI NOV 51.5 51.1
08:15 AM
ES
Markit Manufacturing PMI NOV 56.1 55.8
08:30 AM
CH
SVME Manufacturing PMI NOV 65.1 62
08:45 AM
IT
Markit/ADACI Manufacturing PMI NOV 58.3 57.8
08:55 AM
DE
Markit Manufacturing PMI Final NOV 62.5 60.6
09:00 AM
EA
Markit Manufacturing PMI Final NOV 60.1 58.5
09:00 AM
IT
GDP Growth Rate YoY Final Q3 1.7% 1.5%
09:00 AM
IT
GDP Growth Rate QoQ Final Q3 0.4% 0.3%
09:00 AM
ZA
ABSA Manufacturing PMI NOV 48.6 47.8
09:30 AM
GB
Markit/CIPS Manufacturing PMI NOV 58.2 56.6 ®
11:00 AM
BR
GDP Growth Rate YoY Q3 1.4% 0.4% ®
11:00 AM
BR
GDP Growth Rate QoQ Q3 0.1% 0.7% ®
01:30 PM
CA
GDP Growth Rate QoQ Q3 0.4% 1.0% ®
01:30 PM
CA
GDP Growth Rate Annualized Q3 1.7% 4.3% ®
01:30 PM
CA
GDP MoM SEP 0.2% -0.1%
01:30 PM
CA
Unemployment Rate NOV 5.9% 6.3%
01:30 PM
CA
Employment Change NOV 79.5K 35.3K
01:30 PM
CA
Participation Rate NOV 65.7% 65.7%
02:00 PM
MX
Business Confidence NOV 49.4 49.4
02:05 PM
US
Fed Bullard Speech
02:30 PM
US
Fed Kaplan Speech
02:45 PM
US
Markit Manufacturing PMI Final NOV 53.9 54.6
03:00 PM
US
ISM Manufacturing PMI NOV 58.2 58.7
03:00 PM
US
Construction Spending MoM OCT 1.4% 0.3%
03:00 PM
US