Week Ahead



Next week the US will be publishing retail trade, industrial production, building permits and housing starts. Elsewhere, important releases include: UK inflation, wage data, unemployment and retail trade; Eurozone final inflation, trade balance and construction output; China Q2 GDP growth, industrial output, retail sales and fixed asset investment; Japan inflation and foreign trade; Australia employment figures; and Indonesia and South Africa interest rate decisions.

In the US investors will turn their attention to Federal Reserve Chairman Jerome Powell's testimony before Congress. Regarding the economic calendar, the most important releases are retail trade, industrial production, building permits and housing starts, business inventories, overall net capital flows, NY Empire State Manufacturing Index, Philadelphia Fed Manufacturing Index and NAHB Housing Market Index.

The UK will publish inflation and producer prices, wage data and unemployment, retail trade, and public finances. Elsewhere in Europe, key data include: Eurozone final estimate of June's inflation, alongside trade balance and construction output; Germany producer prices; Italy, Spain and Switzerland foreign trade figures; Ireland first quarter GDP growth and current account; and Turkey unemployment rate.

In China analysts are eyeing the publication of second quarter GDP growth, industrial production, retail sales, fixed asset investment and house price index. Meanwhile, Japan is set to publish inflation and trade balance; and Australia is releasing June's employment figures.

Other key highlights include: Canada inflation and retail trade; New Zealand second quarter inflation; Indonesia interest rate decision and trade balance; Malaysia inflation; India wholesale prices; and South Africa interest rate decision and inflation.



Joana Ferreira | joana.ferreira@tradingeconomics.com
7/13/2018 2:48:58 PM



 


Friday July 13 2018 Actual Previous Consensus
12:00 AM
SG
GDP Growth Rate YoY Adv Q2 3.8% 4.3% ®
12:00 AM
SG
GDP Growth Rate QoQ Adv Q2 1.0% 1.5% ®
12:00 AM
US
Fed Kashkari Speech
03:00 AM
CN
Balance of Trade JUN $41.61B $24.92B
03:00 AM
CN
Exports YoY JUN 11.3% 12.6%
03:00 AM
CN
Imports YoY JUN 14.1% 26%
11:00 AM
GB
BoE Cunliffe Speech
12:30 PM
IN
Balance of Trade JUN $-16.6B $-14.62B
12:30 PM
US
Import Prices MoM JUN -0.4% 0.9% ®
12:30 PM
US
Export Prices MoM JUN 0.3% 0.6%
02:00 PM
US
Michigan Current Conditions Prel JUL 113.9 116.5
02:00 PM
US
Michigan Inflation Expectations Prel JUL 2.9% 3.0%
02:00 PM
US
Michigan 5 Year Inflation Expectations Prel JUL 2.4% 2.60%
02:00 PM
US
Michigan Consumer Expectations Prel JUL 86.4 86.3
02:00 PM
US
Michigan Consumer Sentiment Prel JUL 97.1 98.2
03:00 PM
US
Monetary Policy Report
04:30 PM
US
Fed Bostic Speech
EA
Ecofin Meeting
Sunday July 15 2018 Actual Previous Consensus
03:30 PM
IL
Inflation Rate MoM JUN 0.1% 0.5%
Monday July 16 2018 Actual Previous Consensus
02:00 AM
CN
Industrial Production YoY JUN 6% 6.8%
02:00 AM
CN
Retail Sales YoY JUN 9% 8.5%
02:00 AM
CN
NBS Press Conference
02:00 AM
CN
Fixed Asset Investment (YTD) YoY JUN 6% 6.1%
02:00 AM
CN
GDP Growth Rate YoY Q2 6.7% 6.8%
02:00 AM
CN
GDP Growth Rate QoQ Q2 1.8% 1.4%
04:00 AM
ID
Balance of Trade JUN $1.74B $-1.45B ®
04:00 AM
MY
Unemployment Rate MAY 3.3% 3.3%
06:30 AM
IN
WPI Inflation YoY JUN 5.77% 4.43%
07:00 AM
TR
Unemployment Rate APR 9.6% 10.1%
08:00 AM
IT
Balance of Trade MAY €3.378B €2.985B ®
09:00 AM
EA
Balance of Trade MAY €16.5B €16.7B
10:00 AM
IL
GDP Growth Rate QoQ 3rd Est Q1 1.2% 1.1%
12:30 PM
US
NY Empire State Manufacturing Index JUL 22.60 25
12:30 PM
US
Retail Sales Ex Autos MoM JUN 0.4% 1.4% ®
12:30 PM
US
Retail Sales MoM JUN 0.5% 1.3% ®
02:00 PM
US
Business Inventories MoM MAY 0.4% 0.3%
CN
EU-China Summit
US
US-Russia Summit
Tuesday July 17 2018 Actual Previous Consensus
01:30 AM
CN
House Price Index YoY JUN 5% 4.7%
07:00 AM
ZA
Consumer Confidence Q2 22 26
08:00 AM
PL
Employment Growth YoY JUN 3.7% 3.7%
08:00 AM
GB
BoE Gov Carney Speech
08:30 AM
GB
Unemployment Rate MAY 4.2% 4.2%
08:30 AM
GB
Average Earnings incl. Bonus MAY 2.5% 2.6% ®
08:30 AM
GB
Claimant Count Change JUN 7.8K -3K ®
08:30 AM
GB
Employment Change APR 137K 146K
01:15 PM
US
Industrial Production YoY JUN 3.8% 3.2% ®
01:15 PM
US
Industrial Production MoM JUN 0.6% -0.5% ®
02:00 PM
US
NAHB Housing Market Index JUL 68 68
02:00 PM
US
Fed Chair Powell Testimony
08:00 PM
US
Net Long-Term Tic Flows MAY $45.6B $94B ®
08:00 PM
US
Overall Net Capital Flows MAY $69.9B $138.7B
08:00 PM
US
Foreign Bond Investment MAY $26.7B $-4.8B
08:30 PM
US
API Crude Oil Stock Change 13/JUL 0.629M -6.796M
JP
EU-Japan Summit
Wednesday July 18 2018 Actual Previous Consensus
04:00 AM
MY
Inflation Rate YoY JUN 0.8% 1.8%
08:00 AM
ZA
Inflation Rate YoY JUN 4.6% 4.4%
08:30 AM
GB
Inflation Rate YoY JUN 2.4% 2.4%
08:30 AM
GB
Core Inflation Rate YoY JUN 1.9% 2.1%
08:30 AM
GB
Inflation Rate MoM JUN 0% 0.4%
09:00 AM
EA
Construction Output YoY MAY 1.8% 1.2% ®
09:00 AM
EA
Core Inflation Rate YoY Final JUN 0.9% 1.1%
09:00 AM
EA
Inflation Rate YoY Final JUN 2% 1.9%
09:00 AM
EA
Inflation Rate MoM JUN 0.1% 0.5%
12:30 PM
US
Building Permits MoM JUN -2.2% -4.6%
12:30 PM
US
Building Permits JUN 1.273M 1.301M
12:30 PM
US
Housing Starts MoM JUN -12.3% 4.8% ®
12:30 PM
US
Housing Starts JUN 1.173M 1.337M ®
01:00 PM
RU
Unemployment Rate JUN 4.7% 4.7%
02:00 PM
US
Fed Chair Powell Testimony
02:30 PM
US
EIA Gasoline Stocks Change 13/JUL -3.165M -0.694M
02:30 PM
US
EIA Crude Oil Stocks Change 13/JUL 5.836M -12.633M
11:50 PM
JP
Balance of Trade JUN ¥721B ¥-581B ®
11:50 PM
JP
Exports YoY JUN 6.7% 8.1%
Thursday July 19 2018 Actual Previous Consensus
01:30 AM
AU
Employment Change JUN 50.9K 13.5K ®
01:30 AM
AU
Full Time Employment Chg JUN 41.2K -19.9K ®