Week Ahead


In the US, the most important releases will be the preliminary reading of Michigan consumer sentiment, industrial production and housing data. Investors will also be waiting for: UK consumer prices and retail trade; the Eurozone final reading of inflation and trade balance; China fourth quarter GDP growth, retail trade, industrial output and fixed asset investment; Japan machinery orders and producer prices; and Australia consumer morale and employment figures.

In the US, the most important releases will be the preliminary reading of Michigan consumer sentiment, industrial production, building permits and housing starts, overall net capital flows, NY Empire State Manufacturing Index, NAHB Housing Market Index and Philadelphia Fed Manufacturing Index.

The UK will publish inflation rate, producer and retail prices, and retail trade. 

Elsewhere in Europe, markets will also focus on: the Eurozone final reading of December's inflation, trade balance and construction output; Germany consumer and producer prices; Italy foreign trade; and Ireland inflation rate.

In China, important data to be released include GDP growth for the fourth quarter of 2017, retail trade, industrial output, fixed asset investment, foreign direct investment and house price index. Meanwhile in Japan, analysts are eyeing the publication of machinery orders, alongside producer prices, Tertiary Industry index, machine tool orders and the final reading of industrial production.

In Australia, key data to watch for will be Westpac consumer confidence, employment change, unemployment rate and home loans.

Other important releases include: Canada, South Korea, Indonesia, Turkey and South Africa interest rate decisions; India wholesale prices and foreign trade; Israel final estimate of GDP growth; and Russia trade balance.



Joana Ferreira | joana.ferreira@tradingeconomics.com
1/12/2018 5:32:36 PM



 


Friday January 12 2018 Actual Previous Consensus
03:00 AM
CN
Exports YoY DEC 10.9% 12.3%
03:00 AM
CN
Imports YoY DEC 4.5% 17.7%
03:00 AM
CN
Balance of Trade DEC $54.69B $40.21B
05:00 AM
JP
Eco Watchers Survey Current DEC 53.9 54.1 ®
08:30 AM
SE
Inflation Rate MoM DEC 0.4% 0.2%
08:30 AM
SE
CPIF YoY DEC 1.9% 2.0%
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
Manufacturing Production YoY NOV 10.2% 2.2% ®
12:00 PM
IN
Inflation Rate YoY DEC 5.21% 4.88%
01:30 PM
US
Inflation Rate MoM DEC 0.1% 0.4%
01:30 PM
US
Core Inflation Rate MoM DEC 0.3% 0.1%
01:30 PM
US
Inflation Rate YoY DEC 2.1% 2.2%
01:30 PM
US
Core Inflation Rate YoY DEC 1.8% 1.7%
01:30 PM
US
Retail Sales Ex Autos MoM DEC 0.4% 1.3% ®
01:30 PM
US
Retail Sales MoM DEC 0.4% 0.9% ®
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 $432.7B $431.6B
06:15 PM
GB
BoE Tenreyro Speech
HK
Asian Financial Forum
Tuesday January 16 2018 Actual Previous Consensus
07:00 AM
DE
Inflation Rate YoY Final DEC 1.7% 1.8%
07:30 AM
CN
FDI (YTD) YoY DEC 7.9% 9.8%
08:05 AM
NG
Inflation Rate YoY DEC 15.37% 15.9%
09:30 AM
GB
Inflation Rate MoM DEC 0.4% 0.3%
09:30 AM
GB
Core Inflation Rate YoY DEC 2.5% 2.7%
09:30 AM
GB
Inflation Rate YoY DEC 3% 3.1%
10:00 AM
IT
Balance of Trade NOV €4.83B €4.988B ®
11:00 AM
IE
Inflation Rate YoY DEC 0.4% 0.5%
11:00 AM
IL
GDP Growth Rate QoQ 3rd Est Q3 0.9% 0.7% ®
01:30 PM
US
NY Empire State Manufacturing Index JAN 17.7 19.6 ®
05:00 PM
CH
SNB Chair Jordan Speech
11:50 PM
JP
Machinery Orders MoM NOV 5.7% 5%
HK
Asian Financial Forum
Wednesday January 17 2018 Actual Previous Consensus
12:30 AM
AU
Home Loans MoM NOV 2.1% -0.6%
12:30 AM
AU
Westpac Consumer Confidence Change JAN 1.8% 3.6%
12:30 AM
AU
Westpac Consumer Confidence Index JAN 105.1 103.3
12:30 AM
AU
Investment Lending for Homes NOV 1.5% 1.6%
10:00 AM
EA
Construction Output YoY NOV 2.7% 2.2% ®
10:00 AM
EA
Inflation Rate MoM DEC 0.4% 0.1%
10:00 AM
EA
Core Inflation Rate YoY Final DEC 0.9% 0.9%
10:00 AM
EA
Inflation Rate YoY Final DEC 1.4% 1.5%
11:45 AM
GB
BoE Saunders Speech
01:00 PM
PL
Employment Growth YoY DEC 4.6% 4.5%
01:00 PM
RU
Balance of Trade NOV $11.52B $9.83B
02:15 PM
US
Industrial Production YoY DEC 3.6% 3.5% ®
02:15 PM
US
Industrial Production MoM DEC 0.9% -0.1% ®
03:00 PM
CA
BoC Monetary Policy Report
03:00 PM
CA
BoC Interest Rate Decision 1.25% 1%
03:00 PM
US
NAHB Housing Market Index JAN 72 74
04:15 PM
CA
BoC Press Conference
07:00 PM
US
Fed Beige Book
08:00 PM
US
Fed Evans Speech
08:15 PM
US
Fed Kaplan Speech
09:00 PM
US
Foreign Bond Investment NOV $-18.8B $-22.3B ®
09:00 PM
US
Net Long-Term Tic Flows NOV $57.5B $26.2B ®
09:00 PM
US
Overall Net Capital Flows NOV $33.8B $152.9B ®
09:30 PM
US
Fed Mester Speech
09:30 PM
US
API Crude Oil Stock Change 12/JAN -5.121M -11.19M
Thursday January 18 2018 Actual Previous Consensus
12:00 AM
AU
HIA New Home Sales MoM NOV 0.7% 1.6%
12:30 AM
AU
Full Time Employment Chg DEC 15.1K 43.6K ®
12:30 AM
AU
Unemployment Rate DEC 5.5% 5.4%
12:30 AM
AU
Employment Change DEC 34.7K 63.6K ®
01:00 AM
KR
Interest Rate Decision 1.5% 1.5%
04:30 AM
JP
Industrial Production MoM Final NOV 0.5% 0.5%
05:30 AM
NL
Unemployment Rate DEC 4.4% 4.4%
05:30 AM
NL
Balance of Trade NOV €6.04B €4.87B ®
07:00 AM
CN
Industrial Production YoY DEC 6.2% 6.1%
07:00 AM
CN
Retail Sales YoY DEC 9.4% 10.2%
07:00 AM
CN
GDP Growth Rate YoY Q4 6.8% 6.8%
07:00 AM
CN
GDP Growth Rate QoQ Q4 1.6% 1.8% ®
07:00 AM
CN
Fixed Asset Investment (YTD) YoY DEC 7.2% 7.2%
08:00 AM
DE
Bundesbank Weidmann Speech
11:00 AM
TR
TCMB Interest Rate Decision 8% 8%
11:30 AM
ID
Interest Rate Decision 4.25% 4.25%
01:00 PM
ZA
Interest Rate Decision 6.75% 6.75%
01:30 PM
US
Building Permits MoM DEC -0.1% -1% ®
01:30 PM
US
Housing Starts MoM DEC -8.2% 3% ®
01:30 PM
US
Housing Starts DEC 1.192M 1.299M ®
01:30 PM
US
Building Permits DEC 1.302M 1.303M ®
01:30 PM
US
Philadelphia Fed Manufacturing Index JAN 22.2 27.9 ®
02:30 PM
EA
ECB Cœuré Speech
04:00 PM
US
EIA Crude Oil Stocks Change 12/JAN -6.861M -4.948M
04:00 PM
US
EIA Gasoline Stocks Change 12/JAN 3.62M 4.135M
SA
OPEC Monthly Report
Friday January 19 2018 Actual Previous Consensus
07:00 AM
DE
PPI MoM DEC 0.2% 0.1%
09:00 AM
FR
IEA Oil Market Report
09:00 AM
ES
Balance of Trade NOV €-1.62B €-2.51B
09:30 AM
GB
Retail Sales MoM DEC -1.5% 1% ®
09:30 AM
GB
Retail Sales YoY DEC 1.4% 1.5% ®
09:30 AM
GB
Retail Sales ex Fuel MoM DEC -1.6% 1.1% ®
09:30 AM
GB
Retail Sales ex Fuel YoY DEC 1.3% 1.5%
01:30 PM
BR
Business Confidence JAN 59 58.3
01:30 PM
CA
Manufacturing Sales MoM NOV 3.4% -0.6% ®
03:00 PM
US
Michigan Consumer Sentiment Prel JAN 94.4 95.9
06:00 PM
US
Fed Quarles Speech
Monday January 22 2018 Actual Previous Consensus
03:30 AM
TH
Balance of Trade DEC $-0.28B $1.76B
05:30 AM
NL
Consumer Confidence JAN 24 25
01:30 PM
CA
Wholesale Sales MoM NOV 0.7% 1.6% ®
01:30 PM
US
Chicago Fed National Activity Index DEC 0.27 0.11 ®
02:00 PM
MX
Unemployment Rate DEC 3.1% 3.4%
EA
Eurogroup Meeting
Tuesday January 23 2018 Actual Previous Consensus
02:00 AM
PH
GDP Growth Rate 2017 2017 6.7% 6.9%
02:00 AM
PH
GDP Growth Rate YoY Q4 6.6% 7% ®
02:00 AM
PH
GDP Growth Rate QoQ Q4 1.5% 1.7% ®
03:00 AM
JP
BoJ Interest Rate Decision -0.1% -0.1%
03:00 AM
JP
BoJ Quarterly Outlook Report
04:30 AM
JP
All Industry Activity Index MoM NOV 1.0% 0.3%
07:00 AM
TR
Consumer Confidence JAN 72.3 65.1
10:00 AM
EA
ZEW Economic Sentiment Index JAN 31.8 29
10:00 AM
DE
ZEW Current Conditions JAN 95.2 89.3
10:00 AM
DE
ZEW Economic Sentiment Index JAN 20.4 17.4
11:00 AM
GB
CBI Business Optimism Index Q1 13 -11
11:00 AM
GB
CBI Industrial Trends Orders JAN 14 17
03:00 PM
EA
Consumer Confidence Flash JAN 1.3 0.5
09:30 PM
US
API Crude Oil Stock Change 19/JAN 4.755M -5.121M
11:30 PM
US
Fed Evans Speech
11:50 PM
JP
Imports YoY DEC 14.9% 17.2%
11:50 PM
JP
Exports YoY DEC 9.3% 16.2%
11:50 PM
JP
Balance of Trade DEC ¥359B ¥112B ®
EA
Ecofin Meeting
CH
World Economic Forum Annual Meeting
Wednesday January 24 2018 Actual Previous Consensus
04:00 AM
MY
Inflation Rate YoY DEC 3.5% 3.4%
08:00 AM
FR
Markit Manufacturing PMI Flash JAN 58.1 58.8
08:00 AM
FR
Markit Services PMI Flash JAN 59.3 59.1
08:00 AM
ZA
Inflation Rate YoY DEC 4.7% 4.6%
08:30 AM
DE
Markit Services PMI Flash JAN 57.0 55.8
08:30 AM
DE
Markit Manufacturing PMI Flash JAN 61.2 63.3
09:00 AM
EA
Markit Manufacturing PMI Flash JAN 59.6 60.6
09:00 AM
EA
Markit Services PMI Flash JAN 57.6 56.6
09:30 AM
GB
Average Earnings incl. Bonus NOV 2.5% 2.5%
09:30 AM
GB
Claimant Count Change DEC 8.6K 12.2K ®
09:30 AM
GB
Unemployment Rate NOV 4.3% 4.3%
02:45 PM
US
Markit Manufacturing PMI Flash JAN 55.5 55.1
02:45 PM
US
Markit Services PMI Flash JAN 53.3 53.7
02:45 PM
US
Markit Composite PMI Flash JAN 53.8 54.1
03:00 PM
US
Existing Home Sales MoM DEC -3.6% 5.1% ®
03:00 PM
US
Existing Home Sales DEC 5.57M 5.78M ®
03:30 PM
US
EIA Gasoline Stocks Change 19/JAN 3.098M 3.62M
03:30 PM
US
EIA Crude Oil Stocks Change 19/JAN -1.071M -6.861M
05:00 PM
FR
Unemployment Benefit Claims DEC -2.7K -29.5K
11:00 PM
KR
GDP Growth Rate QoQ Adv Q4 -0.2% 1.5%
11:00 PM
KR
GDP Growth Rate YoY Adv Q4 3% 3.8%
CH
World Economic Forum Annual Meeting
Thursday January 25 2018 Actual Previous Consensus
07:00 AM
DE
GfK Consumer Confidence FEB 11.0 10.8
08:00 AM
ES
Unemployment Rate Q4 16.55% 16.39% ®
09:00 AM
DE
IFO Current Conditions JAN 127.7 125.5 ®
09:00 AM
DE
IFO Expectations JAN 108.4 109.4 ®
09:00 AM
DE
IFO Business Climate JAN 117.6 117.2
09:00 AM
NO
Norges Bank Interest Rate Decison 0.5% 0.5%
09:30 AM
GB
BBA Mortgage Approvals DEC 36.115K 39.007K ®
11:30 AM
TR
Capacity Utilization JAN 78.2% 79%
11:30 AM
TR
Business Confidence JAN 108.3 103.3
12:45 PM
EA
Deposit Facilty Rate -0.4% -0.4%