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
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
Inflation Rate MoM DEC 0.1% 0.4%
01:30 PM
US
Retail Sales Ex Autos MoM DEC 0.4% 1.3% ®
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
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
CZ
Presidential Election
Saturday January 13 2018 Actual Previous Consensus
CZ
Presidential Election
Sunday January 14 2018 Actual Previous Consensus
LU
Parliamentary Elections
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
Investment Lending for Homes NOV 1.5% 1.6%
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
10:00 AM
EA
Construction Output YoY NOV 2.7% 2.2% ®
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%
10:00 AM
EA
Inflation Rate MoM DEC 0.4% 0.1%
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 MoM DEC 0.9% -0.1% ®
02:15 PM
US
Industrial Production YoY DEC 3.6% 3.5% ®
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
Net Long-Term Tic Flows NOV $57.5B $26.2B ®
09:00 PM
US
Foreign Bond Investment NOV $-18.8B $-22.3B ®
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
Employment Change DEC 34.7K 63.6K ®
12:30 AM
AU
Full Time Employment Chg DEC 15.1K 43.6K ®
12:30 AM
AU
Unemployment Rate DEC 5.5% 5.4%
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
Balance of Trade NOV €6.04B €4.87B ®
05:30 AM
NL
Unemployment Rate DEC 4.4% 4.4%
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
Industrial Production YoY DEC 6.2% 6.1%
07:00 AM
CN
Fixed Asset Investment (YTD) YoY DEC 7.2% 7.2%
07:00 AM
CN
Retail Sales YoY DEC 9.4% 10.2%
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
Building Permits DEC 1.302M 1.303M ®
01:30 PM
US
Housing Starts MoM DEC -8.2% 3% ®
01:30 PM
US
Housing Starts DEC 1.192M 1.299M ®