Week Ahead


Next week the US will be publishing inflation rate, retail trade, industrial production and the preliminary reading of Michigan consumer sentiment. Elsewhere, important data include: UK monthly GDP figures, industrial output, trade balance, unemployment and wage growth; Japan final Q2 GDP growth rate and machinery orders; China inflation, industrial production, retail trade and fixed asset investment; Australia business and consumer morale, and employment figures; Turkey and Ireland Q2 GDP growth rates; and interest rate decisions from the ECB, Bank of England and Central Bank of Turkey.

In the US, the most important releases are inflation rate; retail trade; industrial production; the preliminary reading of Michigan consumer sentiment; JOLTs job openings; producer and foreign prices; consumer credit change; NFIB Business Optimism Index; business inventories; the government's monthly budget statement; and the final reading of wholesale inventories.

The Bank of England will hold its monetary policy meeting, but no changes are expected. Regarding UK's economic calendar, key data to be published include monthly GDP figures, alongside industrial production, construction output, trade balance, unemployment and wage growth. 

Elsewhere in Europe, the ECB will also be deciding on monetary policy, with markets anticipating no changes, while Turkey's central bank is likely to raise rates in an attempt to support the falling lira. Important economic data include: Eurozone industrial production, employment change and trade balance; Germany ZEW Economic Sentiment Index; Turkey and Ireland Q2 GDP growth; and Italy industrial output.

In Japan, analysts are eyeing the publication of the final estimate of Q2 GDP growth rate, machinery orders and current account. Meanwhile, China is releasing inflation, industrial production, retail trade, fixed asset investment and foreign direct investment; while Australia is set to publish figures for NAB Business Confidence, Westpac Consumer Confidence and employment figures.

Other key highlights include: Canada house prices; Brazil retail trade; India inflation, wholesale prices, industrial output and trade balance; and Russia final Q2 GDP growth, interest rate decision and trade balance.



Joana Ferreira | joana.ferreira@tradingeconomics.com
9/7/2018 5:39:22 PM



 


Friday September 07 2018 Actual Previous Consensus
01:30 AM
AU
Home Loans MoM JUL 0.4% -0.8% ®
01:30 AM
AU
Investment Lending for Homes JUL -1.3% -2.7%
05:00 AM
JP
Coincident Index Prel JUL 116.3 116.9 ®
05:00 AM
JP
Leading Economic Index Prel JUL 103.5 104.6 ®
05:45 AM
CH
Unemployment Rate AUG 2.4% 2.4%
06:00 AM
DE
Industrial Production MoM JUL -1.1% -0.7% ®
06:00 AM
DE
Balance of Trade JUL €16.5B €21.8B
06:45 AM
FR
Industrial Production MoM JUL 0.7% 0.7% ®
06:45 AM
FR
Balance of Trade JUL €-3.5B €-6.1B ®
08:00 AM
IT
Retail Sales MoM JUL -0.1% -0.1% ®
08:30 AM
GB
Consumer Inflation Expectations Q3 3% 2.9%
09:00 AM
EA
GDP Growth Rate YoY 3rd Est Q2 2.1% 2.4% ®
09:00 AM
EA
GDP Growth Rate QoQ 3rd Est Q2 0.4% 0.4%
12:00 PM
IN
Current Account Q2 $-15.8B $-13.0B
12:30 PM
CA
Participation Rate AUG 65.3% 65.4%
12:30 PM
CA
Employment Change AUG -51.6K 54.1K
12:30 PM
CA
Unemployment Rate AUG 6% 5.8%
12:30 PM
US
Average Hourly Earnings MoM AUG 0.4% 0.3%
12:30 PM
US
Non Farm Payrolls AUG 201K 147K ®
12:30 PM
US
Unemployment Rate AUG 3.9% 3.9%
01:00 PM
MX
Inflation Rate YoY AUG 4.9% 4.81%
01:00 PM
RU
Foreign Exchange Reserves AUG $460.6B $458.0B
02:00 PM
CA
Ivey PMI s.a AUG 61.9 61.8
Saturday September 08 2018 Actual Previous Consensus
04:00 AM
CN
Exports YoY AUG 9.8% 12.2%
04:00 AM
CN
Imports YoY AUG 20% 27.3%
04:00 AM
CN
Balance of Trade AUG $27.91B $28.05B
Sunday September 09 2018 Actual Previous Consensus
11:50 PM
JP
Current Account JUL ¥2.010T ¥1.176T ®
11:50 PM
JP
GDP Growth Annualized Final Q2 3% -0.9%
11:50 PM
JP
GDP Growth Rate QoQ Final Q2 0.7% -0.2%
Monday September 10 2018 Actual Previous Consensus
01:30 AM
CN
Inflation Rate YoY AUG 2.3% 2.1%
01:30 AM
CN
Inflation Rate MoM AUG 0.7% 0.3%
01:30 AM
CN
PPI YoY AUG 4.1% 4.6%
07:00 AM
TR
GDP Growth Rate YoY Q2 5.2% 7.3% ®
07:00 AM
TR
GDP Growth Rate QoQ Q2 0.9% 1.5% ®
08:30 AM
GB
Manufacturing Production MoM JUL -0.2% 0.4%
08:30 AM
GB
Balance of Trade JUL £-0.111B £-0.942B ®
08:30 AM
GB
Industrial Production MoM JUL 0.1% 0.4%
08:30 AM
GB
Industrial Production YoY JUL 0.9% 1.1%
08:30 AM
GB
GDP MoM JUL 0.3% 0.1%
08:30 AM
GB
Construction Output YoY JUL 3.5% 2.2%
08:30 AM
GB
GDP 3-Month Avg JUL 0.6% 0.4%
08:30 AM
GB
Manufacturing Production YoY JUL 1.1% 1.5%
01:00 PM
RU
GDP Growth Rate YoY Final Q2 1.9% 1.3%
Tuesday September 11 2018 Actual Previous Consensus
01:00 AM
PH
Balance of Trade JUL $-3546M $-3188M ®
01:30 AM
AU
NAB Business Confidence AUG 4 7
08:30 AM
GB
Average Earnings incl. Bonus JUL 2.6% 2.4%
08:30 AM
GB
Employment Change JUN 3K 42K
08:30 AM
GB
Claimant Count Change AUG 8.7K 10.2K ®
08:30 AM
GB
Unemployment Rate JUL 4% 4%
09:00 AM
EA
Employment Change QoQ Q2 0.4% 0.4%
09:00 AM
EA
Employment Change YoY Q2 1.5% 1.4%
09:00 AM
EA
ZEW Economic Sentiment Index SEP -7.2 -11.1
09:00 AM
DE
ZEW Current Conditions SEP 76 72.6
09:00 AM
DE
ZEW Economic Sentiment Index SEP -10.6 -13.7
11:50 AM
ZA
Business Confidence Q3 38 39
12:15 PM
CA
Housing Starts AUG 201K 206.0K ®
01:00 PM
RU
Balance of Trade JUL $13.402B $15.555B ®
02:00 PM
US
JOLTs Job Openings JUL 6.939M 6.822M ®
02:00 PM
US
Wholesale Inventories MoM JUL 0.6% 0.1%
08:30 PM
US
API Crude Oil Stock Change 7/SEP -8.636M -1.2M
11:00 PM
KR
Unemployment Rate AUG 4.2% 3.8% ®
11:50 PM
JP
BSI Large Manufacturing QoQ Q3 6.5 -3.2
Wednesday September 12 2018 Actual Previous Consensus
12:30 AM
AU
Westpac Consumer Confidence Index SEP 100.5 103.6
12:30 AM
AU
Westpac Consumer Confidence Change SEP -3% -2.3%
04:30 AM
NL
Balance of Trade JUL €4.61B €4.87B ®
08:00 AM
IT
Industrial Production MoM JUL -1.8% 0.3% ®
09:00 AM
EA
Industrial Production YoY JUL -0.1% 2.3% ®
09:00 AM
EA
Industrial Production MoM JUL -0.8% -0.8% ®
12:00 PM
IN
Industrial Production YoY JUL 6.6% 6.9% ®
12:00 PM
IN
Inflation Rate YoY AUG 3.69% 4.17%
12:00 PM
IN
Manufacturing Production YoY JUL 7% 6.7% ®
12:30 PM
US
Core PPI MoM AUG -0.1% 0.1%
12:30 PM
US
PPI MoM AUG -0.1% 0%
02:30 PM
US
EIA Crude Oil Stocks Change 07/SEP -5.296M -4.302M
02:30 PM
US
EIA Gasoline Stocks Change 07/SEP 1.25M 1.845M
11:50 PM
JP
Machinery Orders MoM JUL 11% -8.8% ®
SA
OPEC Monthly Report
Thursday September 13 2018 Actual Previous Consensus
01:30 AM
AU
Full Time Employment Chg AUG 33.7K 20.1K ®
01:30 AM
AU
Employment Change AUG 44K -4.3K ®
01:30 AM
AU
Unemployment Rate AUG 5.3% 5.3%
06:00 AM
DE
Inflation Rate YoY Final AUG 2% 2%
07:30 AM
CN
FDI (YTD) YoY AUG 2.3% 2.3%
07:30 AM
SE
GDP Growth Rate YoY Final Q2 2.5% 2.8% ®
07:30 AM
SE
GDP Growth Rate QoQ Final Q2 0.8% 0.5% ®
08:00 AM
FR
IEA Oil Market Report
10:00 AM
IE
GDP Growth Rate YoY Q2 9% 9.3% ®
10:00 AM
IE
GDP Growth Rate QoQ Q2 2.5% -0.4% ®
10:00 AM
IE
Inflation Rate YoY AUG 0.7% 0.8%
11:00 AM
TR
TCMB Interest Rate Decision 24% 17.75%
11:00 AM
GB
BoE Quantitative Easing £435B £435B
11:00 AM
GB
BoE Interest Rate Decision 0.75% 0.75%
11:00 AM
GB
BoE MPC Vote Hike 0/9 9/9
11:00 AM
GB
BoE MPC Vote Unchanged 9/9 0/9
11:00 AM
GB
BoE MPC Vote Cut 0/9 0/9
11:45 AM
EA
ECB Interest Rate Decision 0% 0%
11:45 AM
EA
Marginal Lending Rate 0.25% 0.25%
11:45 AM
EA
Deposit Facility Rate -0.4% -0.4%
12:00 PM
BR
Retail Sales MoM JUL -0.5% -0.4% ®
12:00 PM
BR
Retail Sales YoY JUL -1% 1.4% ®
12:30 PM
CA
New Housing Price Index MoM JUL 0.1% 0.1%
12:30 PM
CA
New Housing Price Index YoY JUL 0.5% 0.8%
12:30 PM
EA
ECB Press Conference
12:30 PM
US
Inflation Rate MoM AUG 0.2% 0.2%
12:30 PM
US
Core Inflation Rate MoM AUG 0.1% 0.2%
12:30 PM
US
Core Inflation Rate YoY AUG 2.2% 2.4%
12:30 PM
US
Inflation Rate YoY AUG 2.7% 2.9%
05:00 PM
US
30-Year Bond Auction 3.088% 3.090%
06:00 PM
US
Monthly Budget Statement AUG $-214B $-77B
Friday September 14 2018 Actual Previous Consensus
02:00 AM
CN
Fixed Asset Investment (YTD) YoY AUG 5.3% 5.5%
02:00 AM
CN
Industrial Production YoY AUG 6.1% 6%
02:00 AM
CN
Retail Sales YoY AUG 9% 8.8%
06:30 AM
IN
WPI Inflation YoY AUG 4.53% 5.09%
07:30 AM
SE
Inflation Rate MoM AUG -0.2% 0.5%
07:30 AM
SE
CPIF YoY AUG 2.2% 2.2%
09:00 AM
EA
Balance of Trade JUL €17.6B €22.7B ®
10:30 AM