Week Ahead



Next week the most important events will be the Fed and Bank of England monetary policy decisions. Key economic data include: US durable goods orders; existing and new home sales; UK inflation, retail trade, unemployment rate, wages data and CBI factory orders; Eurozone consumer sentiment; Japan inflation; Australia employment figures; and flash PMIs for the US, the Eurozone and Japan.

In the US, investors will turn their attention to next week's FOMC meeting at which the Federal Reserve is expected to raise interest rates. Regarding the economic calendar, the most important releases will be: durable goods orders; existing and new home sales; flash Markit PMIs; current account; Kansas Fed Manufacturing Index; and FHFA house prices.

In the UK, the Bank of England will also be deciding on monetary policy, with markets anticipating no changes. The country's inflation, retail trade, unemployment rate, wages data, CBI factory orders and public sector net borrowing will also be watched. 

Elsewhere in Europe, important releases include flash Markit PMIs for the Eurozone, Germany and France. Markets will also focus on: the Eurozone consumer sentiment and foreign trade; Germany business and investor morale; France business confidence; and Italy industrial output and trade balance.

Japan will release February's inflation rate and trade balance and flash Nikkei Manufacturing PMI, while China is set to publish house price data. In Australia, analysts are eyeing the publication of unemployment rate and employment change, alongside house price index.

Other important releases include: Canada inflation and retail sales; and New Zealand, Taiwan, Indonesia, the Philippines, Brazil and Russia interest rate decisions.



Joana Ferreira | joana.ferreira@tradingeconomics.com
3/17/2018 11:18:32 AM



 


Friday March 16 2018 Actual Previous Consensus
09:00 AM
IT
Inflation Rate MoM Final FEB 0.0% 0.3%
09:00 AM
PL
Employment Growth YoY FEB 3.7% 3.8%
10:00 AM
EA
Core Inflation Rate YoY Final FEB 1% 1%
10:00 AM
EA
Inflation Rate YoY Final FEB 1.1% 1.3%
10:00 AM
EA
Inflation Rate MoM FEB 0.2% -0.9%
12:30 PM
CA
Manufacturing Sales MoM JAN -1% -0.1% ®
12:30 PM
US
Building Permits MoM FEB -5.7% 5.9%
12:30 PM
US
Building Permits FEB 1.298M 1.377M
12:30 PM
US
Housing Starts MoM FEB -7% 10.1% ®
12:30 PM
US
Housing Starts FEB 1.236M 1.329M ®
01:15 PM
US
Industrial Production YoY FEB 4.4% 3.5% ®
01:15 PM
US
Industrial Production MoM FEB 1.1% -0.3% ®
02:00 PM
US
JOLTs Job Openings JAN 6.312M 5.667M ®
02:00 PM
US
Michigan Consumer Sentiment Prel MAR 102 99.7
Sunday March 18 2018 Actual Previous Consensus
11:50 PM
JP
Exports YoY FEB 1.8% 12.3% ®
11:50 PM
JP
Balance of Trade FEB ¥3B ¥-944B ®
RU
Presidential Election
Monday March 19 2018 Actual Previous Consensus
01:30 AM
CN
House Price Index YoY FEB 5.2% 5%
08:30 AM
HK
Unemployment Rate FEB 2.9% 2.9%
09:00 AM
IT
Industrial Production MoM JAN -1.9% 2.1% ®
10:00 AM
EA
Construction Output YoY JAN 3.7% 1.4% ®
10:00 AM
EA
Balance of Trade JAN €3.3B €25.4B
10:00 AM
IT
Balance of Trade JAN €-0.087B €5.249B ®
11:00 AM
DE
Bundesbank Monthly Report
11:30 AM
CL
GDP Growth Rate YoY Q4 3.3% 2.5% ®
11:30 AM
CL
GDP Growth Rate QoQ Q4 0.6% 2.2% ®
12:00 PM
IN
Current Account Q4 $-13.5B $-7.2B
01:00 PM
US
Fed Bostic Speech
AR
G20 Fin Ministers and CB Governors Meeting
Tuesday March 20 2018 Actual Previous Consensus
12:30 AM
AU
House Price Index QoQ Q4 1% -0.2%
04:15 AM
AU
RBA Bullock Speech
06:45 AM
CH
SECO Economic Forecasts
07:00 AM
FI
Unemployment Rate FEB 8.6% 8.8%
07:00 AM
DE
PPI MoM FEB -0.1% 0.5%
07:00 AM
CH
Balance of Trade FEB CHF3.2B CHF1.1B ®
07:00 AM
TR
Consumer Confidence MAR 71.3 72.25 ®
08:00 AM
ZA
Inflation Rate YoY FEB 4% 4.4%
09:30 AM
GB
PPI Input YoY FEB 3.4% 4.5% ®
09:30 AM
GB
Core Inflation Rate YoY FEB 2.4% 2.7%
09:30 AM
GB
Inflation Rate YoY FEB 2.7% 3%
09:30 AM
GB
Inflation Rate MoM FEB 0.4% -0.5%
10:00 AM
EA
ZEW Economic Sentiment Index MAR 13.4 29.3
10:00 AM
DE
ZEW Economic Sentiment Index MAR 5.1 17.8
10:00 AM
DE
ZEW Current Conditions MAR 90.7 92.3
10:00 AM
SK
Unemployment Rate FEB 5.7% 5.9%
10:30 AM
LU
Unemployment Rate FEB 5.7% 5.6%
03:00 PM
EA
Consumer Confidence Flash MAR 0.1 0.1
07:00 PM
AR
Unemployment Rate Q4 7.2% 8.3%
08:30 PM
US
API Crude Oil Stock Change 16/MAR -2.739M 1.156M
09:00 PM
CL
Interest Rate Decision 2.5% 2.5%
AR
G20 Fin Ministers and CB Governors Meeting
Wednesday March 21 2018 Actual Previous Consensus
01:30 AM
CO
Interest Rate Decision 4.5% 4.5%
04:00 AM
MY
Inflation Rate YoY FEB 1.4% 2.7%
04:00 AM
TH
Balance of Trade FEB $0.81B $-0.12B
05:30 AM
NL
Consumer Confidence MAR 24 23
07:00 AM
NO
Unemployment Rate JAN 4% 4.1%
09:15 AM
ES
Balance of Trade JAN €-3.94B €-2.05B
09:30 AM
GB
Claimant Count Change FEB 9.2K -1.6K ®
09:30 AM
GB
Employment Change DEC 168K 88K
09:30 AM
GB
Unemployment Rate JAN 4.3% 4.4%
09:30 AM
GB
Average Earnings incl. Bonus JAN 2.8% 2.7% ®
11:00 AM
GB
CBI Industrial Trends Orders MAR 4 10
12:30 PM
US
Current Account Q4 $-128.2B $-101.5B ®
12:35 PM
SI
Unemployment Rate JAN 9.3% 9.0%
01:00 PM