Week Ahead


Next week, the most important data for the US include FOMC minutes, non-farm payrolls, unemployment rate, wage growth, trade balance, ISM PMIs, factory orders, construction spending and ADP employment change. Investors will also be looking for updated worldwide manufacturing and services PMIs; the UK monetary indicators; the Eurozone inflation; Germany retail trade and unemployment; and Australia foreign trade.

Markets across the US, Europe and Asia will be closed on Monday for the New Year's Day holiday, and will reopen on Tuesday.

In the US, traders will be waiting for the FOMC minutes release for further clues on the timing of the next Fed rate hike. In addition, important data to be published include: nonfarm payrolls; unemployment rate; wage growth; trade balance; ISM manufacturing and non-manufacturing PMIs; factory orders; construction spending; ADP employment change; total vehicle sales; Challenger job cuts; ISM New York Index; and final Markit PMIs.

The UK will publish monetary indicators, Markit PMIs and Nationwide house prices. Elsewhere in Europe, markets will focus on final PMI readings for the Euro Area, Germany and France and the first release for Spain and Italy. The Eurostat will also publish the preliminary reading of inflation for the Eurozone, and Germany will release unemployment and retail trade.

China will release figures for manufacturing and non-manufacturing PMIs from both the statistical office and Caixin, while in Japan investors will be waiting for Nikkei manufacturing and services PMIs. 

In Australia, key data to watch for will be foreign trade and AIG manufacturing and services indices.

Other important releases include: Canada unemployment, trade balance and Ivey PMI; Brazil industrial production and foreign trade; Singapore GDP growth; Indonesia and Philippines inflation; South Korea trade balance; and India Nikkei PMIs.



Joana Ferreira | joana.ferreira@tradingeconomics.com
12/29/2017 6:42:53 PM



 


Friday December 29 2017 Actual Previous Consensus
12:30 AM
AU
Private Sector Credit MoM NOV 0.5% 0.4%
12:30 AM
AU
Private Sector Credit YoY NOV 5.4% 5.3%
05:30 AM
NL
Business Confidence DEC 8.9 9.1
07:00 AM
TR
Balance of Trade NOV $-6.32B $-7.29B ®
08:00 AM
ES
Inflation Rate YoY Prel DEC 1.2% 1.7%
11:00 AM
BR
Unemployment Rate NOV 12% 12.2%
11:30 AM
RU
Inflation Rate YoY Prel DEC 2.5% 2.5%
01:00 PM
DE
Inflation Rate YoY Prel DEC 1.7% 1.8%
Sunday December 31 2017 Actual Previous Consensus
01:00 AM
CN
NBS Manufacturing PMI DEC 51.6 51.8
01:00 AM
CN
Non Manufacturing PMI DEC 55.0 54.8
Monday January 01 2018 Actual Previous Consensus
12:00 AM
KR
Balance of Trade DEC $5.80B $7.60B ®
10:30 PM
AU
AIG Manufacturing Index DEC 56.2 57.3
Tuesday January 02 2018 Actual Previous Consensus
12:00 AM
SG
GDP Growth Rate QoQ Adv Q4 2.8% 9.4% ®
12:00 AM
SG
GDP Growth Rate YoY Adv Q4 3.1% 5.4% ®
01:45 AM
CN
Caixin Manufacturing PMI DEC 51.5 50.8
04:00 AM
ID
Inflation Rate YoY DEC 3.61% 3.3%
08:15 AM
ES
Markit Manufacturing PMI DEC 55.8 56.1
08:45 AM
IT
Markit/ADACI Manufacturing PMI DEC 57.4 58.3
08:55 AM
DE
Markit Manufacturing PMI Final DEC 63.3 62.5
09:00 AM
EA
Markit Manufacturing PMI Final DEC 60.6 60.1
09:30 AM
GB
Markit/CIPS Manufacturing PMI DEC 56.3 58.2
02:45 PM
US
Markit Manufacturing PMI Final DEC 55.1 53.9
05:00 PM
BR
Balance of Trade DEC $5B $3.55B
Wednesday January 03 2018 Actual Previous Consensus
07:00 AM
DE
Unemployment Rate Harmonised NOV 3.6% 3.7% ®
07:00 AM
TR
Inflation Rate YoY DEC 11.92% 12.98%
08:00 AM
ES
Unemployment Change DEC -61.5K 7.3K
08:30 AM
CH
SVME Manufacturing PMI DEC 65.2 65.1
08:55 AM
DE
Unemployment Change DEC -29K -20K ®
08:55 AM
DE
Unemployment Rate DEC 5.5% 5.5% ®
09:00 AM
ES
Consumer Confidence DEC 102.5 100.5
09:30 AM
GB
Construction PMI DEC 52.2 53.1
01:00 PM
PL
Inflation Rate YoY Flash DEC 2% 2.5%
01:00 PM
SG
SIPMM Manufacturing PMI DEC 52.8 52.9
03:00 PM
US
ISM Manufacturing Employment DEC 57.0 59.7
03:00 PM
US
ISM Manufacturing PMI DEC 59.7 58.2
03:00 PM
US
Construction Spending MoM NOV 0.8% 0.9% ®
07:00 PM
US
FOMC Minutes
09:00 PM
US
Total Vehicle Sales DEC 17.85M 17.48M
10:30 PM
AU
AIG Services Index DEC 52.0 51.7
11:30 PM
US
API Crude Oil Stock Change 29/DEC -4.992M -6M
Thursday January 04 2018 Actual Previous Consensus
01:45 AM
CN
Caixin Services PMI DEC 53.9 51.9
07:00 AM
GB
Nationwide Housing Prices YoY DEC 2.6% 2.5%
07:00 AM
GB
Nationwide Housing Prices MoM DEC 0.6% 0.1%
08:15 AM
ES
Markit Services PMI DEC 54.6 54.4
08:45 AM
IT
Markit/ADACI Services PMI DEC 55.4 54.7
09:30 AM
GB
BoE Consumer Credit NOV £1.4B £1.362B ®
09:30 AM
GB
Mortgage Lending NOV £3.5B £3.35B ®
09:30 AM
GB
Mortgage Approvals NOV 65.14K 64.89K ®
09:30 AM
GB
Markit/CIPS UK Services PMI DEC 54.2 53.8
01:15 PM
US
ADP Employment Change DEC 250K 185K ®
02:00 PM
MX
Business Confidence DEC 49.6 49.2 ®
02:45 PM
US
Markit Composite PMI Final DEC 54.1 54.5
02:45 PM
US
Markit Services PMI Final DEC 53.7 54.5
04:00 PM
US
EIA Crude Oil Stocks Change 29/DEC -7.419M -4.609M
04:00 PM
US
EIA Gasoline Stocks Change 29/DEC 4.813M 0.591M
06:30 PM
US
Fed Bullard Speech
Friday January 05 2018 Actual Previous Consensus
12:30 AM
AU
Balance of Trade NOV A$-0.628B A$-0.302B ®
01:00 AM
PH
Inflation Rate YoY DEC 3.3% 3.3%
04:00 AM
MY
Balance of Trade NOV MYR10B MYR10.6B
07:00 AM
DE
Retail Sales MoM NOV 2.3% -1.0% ®
07:00 AM
DE
Retail Sales YoY NOV 4.4% -0.9% ®
07:45 AM
FR
Consumer Confidence DEC 105 103 ®
07:45 AM
FR
Inflation Rate YoY Prel DEC 1.2% 1.2%
08:30 AM
DE
Construction PMI DEC 53.7 53.1
09:20 AM
ID
Consumer Confidence DEC 126.4 122.1
10:00 AM
EA
Core Inflation Rate YoY Flash DEC 0.9% 0.9%
10:00 AM
EA
Inflation Rate YoY Flash DEC 1.4% 1.5%
10:00 AM
IT
Inflation Rate YoY Prel DEC 0.9% 0.9%
11:00 AM
BR
Industrial Production YoY NOV 4.7% 5.5% ®
01:30 PM
CA
Balance of Trade NOV C$-2.54B C$-1.55B ®
01:30 PM
CA
Employment Change DEC 78.6K 79.5K
01:30 PM
CA
Participation Rate DEC 65.8% 65.7%
01:30 PM
CA
Unemployment Rate DEC 5.7% 5.9%
01:30 PM
US
Average Hourly Earnings MoM DEC 0.3% 0.1% ®
01:30 PM
US
Balance of Trade NOV $-50.5B $-48.9B ®
01:30 PM
US
Participation Rate DEC 62.7% 62.7%
01:30 PM
US
Non Farm Payrolls DEC 148K 252K ®
01:30 PM
US
Unemployment Rate DEC 4.1% 4.1%
03:00 PM
CA
Ivey PMI s.a DEC 60.4 63
03:00 PM
US
Factory Orders MoM NOV 1.3% 0.4% ®
03:00 PM
US
ISM Non-Manufacturing Employment DEC 56.3 55.3
03:00 PM
US
ISM Non-Manufacturing PMI DEC 55.9 57.4
03:15 PM
US
Fed Harker Speech
05:30 PM
US
Fed Mester Speech
Saturday January 06 2018 Actual Previous Consensus
03:15 PM
US
Fed Mester Speech
Monday January 08 2018 Actual Previous Consensus
07:00 AM
DE
Factory Orders MoM NOV -0.4% 0.7% ®
08:15 AM
CH
Inflation Rate YoY DEC 0.8% 0.8%
10:00 AM
EA
Business Confidence DEC 1.66 1.49
10:00 AM
EA
Services Sentiment DEC 18.4 16.4 ®
10:00 AM
EA
Economic Sentiment DEC 116.0 114.6
10:00 AM
EA
Industrial Sentiment DEC 9.1 8.1 ®
10:00 AM
EA
Retail Sales MoM NOV 1.5% -1.1%
10:00 AM
EA
Retail Sales YoY NOV 2.8% 0.2% ®
Tuesday January 09 2018 Actual Previous Consensus
12:30 AM
AU
Building Permits MoM NOV 11.7% -0.1% ®
05:00 AM
JP
Consumer Confidence DEC 44.7 44.9
05:30 AM
NL
Inflation Rate YoY DEC 1.3% 1.5%
06:45 AM
CH
Unemployment Rate DEC 3.3% 3.1%
07:00 AM
DE
Balance of Trade NOV €23.7B €18.9B
07:00 AM
DE
Industrial Production MoM NOV 3.4% -1.2% ®
07:45 AM
FR
Balance of Trade NOV €-5.7B €-5.3B ®
08:15 AM
CH
Retail Sales YoY NOV -0.2% -2.6% ®
09:00 AM
IT
Unemployment Rate NOV 11% 11.1%
10:00 AM
EA
Unemployment Rate NOV 8.7% 8.8%
10:30 AM
ES
Business Confidence DEC 2.6 3.2 ®
11:00 AM
BR
Retail Sales MoM NOV 0.7% -0.7% ®
11:00 AM
BR
Retail Sales YoY NOV 5.9% 2.6% ®
01:15 PM
CA
Housing Starts DEC 217K 251.7K ®
02:00 PM
MX
Inflation Rate YoY DEC 6.77% 6.63%
03:00 PM
US
JOLTs Job Openings NOV 5.879M 5.925M ®
09:30 PM
US
API Crude Oil Stock Change 5/JAN -11.19M -4.992M
11:00 PM
KR
Unemployment Rate DEC 3.6% 3.7%
Wednesday January 10 2018 Actual Previous Consensus
01:00 AM
PH
Balance of Trade NOV $-3781M $-2819M ®
01:30 AM
CN
Inflation Rate YoY DEC 1.8% 1.7%
01:30 AM
CN
Inflation Rate MoM DEC 0.3% 0.0%
01:30 AM
CN
PPI YoY DEC 4.9% 5.8%
07:45 AM
FR
Industrial Production MoM NOV -0.5% 1.7% ®
09:30 AM
GB
Balance of Trade NOV £-2.804B £-2.270B ®
09:30 AM
GB
Construction Output YoY NOV 0.4% 1.3% ®
09:30 AM
GB
Manufacturing Production MoM NOV 0.4% 0.3% ®
09:30 AM
GB
Industrial Production YoY NOV 2.5% 4.3% ®
09:30 AM
GB
Industrial Production MoM NOV 0.4% 0.2% ®
09:30 AM
GB
Manufacturing Production YoY NOV 3.5% 4.7% ®
11:00 AM
BR
Inflation Rate YoY DEC 2.95% 2.80%
11:40 AM
PL
Interest Rate Decision 1.5% 1.5%
01:00 PM
RU
Inflation Rate YoY Final DEC 2.5% 2.5%
01:30 PM
US
Export Prices MoM DEC -0.1% 0.5%
01:30 PM
US
Import Prices MoM DEC 0.1% 0.8% ®
03:00 PM
US
Wholesale Inventories MoM NOV 0.8% -0.4%
03:30 PM
US
EIA Crude Oil Stocks Change 05/JAN -4.948M -7.419M
03:30 PM
US
EIA Gasoline Stocks Change 05/JAN 4.135M 4.813M
EA
ECB Non-Monetary Policy Meeting
Thursday January 11 2018 Actual Previous Consensus
12:30 AM
AU
Retail Sales MoM NOV 1.2% 0.5%
05:00 AM
JP
Coincident Index Prel NOV 118.1 116.4
05:00 AM
JP
Leading Economic Index Prel NOV 108.6 106.5
09:00 AM
DE
Full Year GDP Growth 2017 2.2% 1.9%
09:00 AM
DE
Government Budget 2017 1.2% 0.8%
09:00 AM
IT
Retail Sales MoM NOV 1.1% -1.0%
10:00 AM
EA
Industrial Production YoY NOV 3.2% 3.9% ®
10:00 AM
EA
Industrial Production MoM NOV 1% 0.4% ®
12:30 PM
EA
ECB Monetary Policy Meeting Accounts
01:30 PM
CA
New Housing Price Index MoM NOV 0.1% 0.1%
01:30 PM
CA
New Housing Price Index YoY NOV 3.4% 3.5%
01:30 PM
US
Core PPI MoM DEC -0.1% 0.3%
01:30 PM
US
PPI MoM DEC -0.1% 0.4%
02:00 PM
MX
Consumer Confidence DEC 88.4 88.5 ®
06:00 PM
US
30-Year Bond Auction 2.867% 2.804%
07:00 PM
US
Monthly Budget Statement DEC $-23B $-139B
08:30 PM
US
Fed Dudley Speech
11:50 PM
JP
Current Account NOV ¥1.347T ¥2.176T
Friday January 12 2018 Actual Previous Consensus
03:00 AM
CN
Balance of Trade DEC $54.69B $40.21B
03:00 AM
CN
Exports YoY DEC 10.9% 12.3%
03:00 AM
CN
Imports YoY DEC 4.5% 17.7%
05:00 AM
JP
Eco Watchers Survey Current DEC 53.9 54.1 ®
08:30 AM
SE
CPIF YoY DEC 1.9% 2.0%
08:30 AM
SE
Inflation Rate MoM DEC 0.4% 0.2%
09:00 AM
IT
Industrial Production MoM NOV 0% 0.6% ®
09:00 AM
ZA
ABSA Manufacturing PMI DEC 44.9 48.6
12:00 PM
IN
Industrial Production YoY NOV 8.4% 2% ®
12:00 PM
IN
Inflation Rate YoY DEC 5.21% 4.88%
12:00 PM
IN
Manufacturing Production YoY NOV 10.2% 2.2% ®
01:30 PM
US
Core Inflation Rate MoM DEC 0.3% 0.1%
01:30 PM
US
Core Inflation Rate YoY DEC 1.8% 1.7%
01:30 PM
US
Inflation Rate YoY DEC 2.1% 2.2%
01:30 PM
US
Inflation Rate MoM DEC 0.1% 0.4%
01:30 PM
US
Retail Sales MoM DEC 0.4% 0.9% ®
01:30 PM
US
Retail Sales Ex Autos MoM DEC 0.4% 1.3% ®
03:00 PM
US
Business Inventories MoM NOV 0.4% 0.0% ®
03:00 PM
US
IBD/TIPP Economic Optimism JAN 55.1 51.9
Monday January 15 2018 Actual Previous Consensus
04:00 AM
ID
Balance of Trade DEC $-0.27B $0.22B ®
06:30 AM
IN
WPI Inflation YoY DEC 3.58% 3.93%
07:00 AM
TR
Unemployment Rate OCT 10.3% 10.6%
10:00 AM
EA
Balance of Trade NOV €26.3B €18.9B
12:45 PM
IN
Balance of Trade DEC $-14.88B $-13.83B
01:00 PM
PL
Inflation Rate YoY Final DEC 2.1% 2.5%
01:00 PM
RU
Foreign Exchange Reserves DEC