Week Ahead

Next week the US Q4 GDP report will be keenly watched, alongside ISM Manufacturing PMI, personal income and outlays, housing data and factory orders. Elsewhere, important releases include: UK consumer confidence and Markit Manufacturing PMI; Eurozone business survey, inflation and unemployment; Germany consumer morale and retail trade; Japan industrial output, retail sales, consumer sentiment and jobless rate; China NBS and Caixin Manufacturing PMIs and NBS Non-Manufacturing PMI; and Q4 GDP growth rates from several countries such as India, Canada, Brazil and Mexico.

Next week the US will be publishing its highly anticipated fourth-quarter GDP report, after it had been delayed for almost a month due to the partial government shutdown, with market forecasts pointing to a further slowdown in economic growth from the second-quarter's four-year high. In addition, the ISM Manufacturing PMI is likely to show a slowdown in factory activity growth during February; and the BEA will release personal income and outlays for December, as well as personal income for January. Other notable publications are December's building permits and housing starts, alongside factory orders, wholesale inventories, pending home sales, Chicago Fed National Activity Index, Dallas Fed Manufacturing Index, Chicago PMI, S&P/Case-Shiller home prices, total vehicle sales, and the final readings of Michigan consumer sentiment and Markit Manufacturing PMI.

Meanwhile, Federal Reserve Chairman Jerome Powell will deliver his semiannual monetary policy report to Congress.

Other important data for America include: Canada Q4 GDP growth, inflation rate and RBC Manufacturing PMI; and Mexico and Brazil Q4 GDP growth rates, trade balance and Markit Manufacturing PMIs.

In the UK, Prime Minister Theresa May heads to Parliament Tuesday to make a statement on her progress in the Brexit negotiations. On the economic data front, the Gfk consumer confidence is likely to fall to a new five-and-a-half-year low and the Markit Manufacturing PMI is expected to drop to a four-month low. Also, the Bank of England will release its monetary indicators.

Elsewhere in Europe, investors await the publication of the Eurozone business survey, flash inflation rate, unemployment rate and the final Markit Manufacturing PMI; Germany consumer morale, retail trade and jobless rate; France consumer sentiment; Italy and Spain Markit Manufacturing PMIs; Switzerland Q4 GDP growth and KOF leading indicators; and Turkey trade balance. In addition, several countries are set to release updated figures for fourth-quarter GDP growth and February's Manufacturing PMIs.

In Japan, industrial production is forecast to fall at the fastest pace in a year and retail trade growth is likely to slow in January. Consumer confidence and unemployment data will also be in the spotlight. Meanwhile in China investors will focus on Manufacturing PMI readings from both the NBS and Caixin, with both indicators pointing to further contraction in the sector, while Non-manufacturing PMI from the NBS will also be followed. India's GDP growth figures are expected to show a further slowdown in economic growth during the October-December period and the Nikkei Manufacturing PMI is set to fall to five-month low in February. Other highlights for the Asia-Pacific region include: Australia AIG Manufacturing Index, private sector credit and Q4 construction work done; New Zealand foreign trade; South Korea interest rate decision; Hong Kong Q4 GDP growth; and Indonesia inflation rate.


Joana Ferreira | joana.ferreira@tradingeconomics.com
2/22/2019 3:47:57 PM



 


Thursday April 25 2019 Actual Previous
03:00 AM
JP
BoJ Interest Rate Decision -0.1% -0.1%
03:00 AM
JP
BoJ Quarterly Outlook Report
07:00 AM
ES
PPI YoY MAR 2.4% 1.7% ®
07:00 AM
ES
Unemployment Rate Q1 14.7% 14.45%
07:30 AM
ID
Deposit Facility Rate APR 5.25% 5.25%
07:30 AM
ID
Interest Rate Decision 6% 6%
07:30 AM
ID
Lending Facility Rate APR 6.75% 6.75%
08:00 AM
EA
ECB Economic Bulletin
09:30 AM
ZA
PPI MoM MAR 1.3% 0.3%
09:30 AM
ZA
PPI YoY MAR 6.2% 4.7%
10:00 AM
GB
CBI Distributive Trades APR 13 -18
11:00 AM
TR
TCMB Interest Rate Decision 24% 24%
12:00 PM
BR
IPCA mid-month CPI MoM APR 0.72% 0.54%
12:00 PM
BR
IPCA mid-month CPI YoY APR 4.71% 4.18%
12:30 PM
CA
Average Weekly Earnings YoY FEB 1.1% 1.9% ®
12:30 PM
EA
ECB Guindos Speech
12:30 PM
US
Durable Goods Orders ex Defense MoM MAR 2.3% -1.7% ®
12:30 PM
US
Durable Goods Orders Ex Transp MoM MAR 0.4% -0.2% ®
12:30 PM
US
Continuing Jobless Claims APR/13 1655K 1654K ®
12:30 PM
US
Initial Jobless Claims APR/20 230K 193K ®
12:30 PM
US
Durable Goods Orders MoM MAR 2.7% -1.1% ®
01:00 PM
MX
Retail Sales MoM FEB 1.2% 1.9%
01:00 PM
MX
Retail Sales YoY FEB 1.8% 0.9%
01:30 PM
BR
Current Account MAR $-0.49B $-1.13B ®
01:30 PM
BR
Foreign Direct Investment MAR $6.8B $8.4B
01:35 PM
RU
Business Confidence APR -2 -2
02:30 PM
US
EIA Natural Gas Stocks Change 19/APR 92Bcf 92Bcf
03:00 PM
US
Kansas Fed Manufacturing Index APR 12 17
03:15 PM
AR
Consumer Confidence APR 34.4 34.8
03:30 PM
US
4-Week Bill Auction 2.39% 2.4%
05:00 PM
US
7-Year Note Auction 2.426% 2.281%
08:00 PM
AR
Retail Sales YoY FEB 22.6% 25.0%
09:00 PM
KR
Consumer Confidence APR 102 100
11:30 PM
JP
Jobs/applications ratio MAR 1.63
11:30 PM
JP
Tokyo Core CPI YoY APR 1.1%
11:30 PM
JP
Tokyo CPI YoY APR 0.9%
11:30 PM
JP
Unemployment Rate MAR 2.3%
11:50 PM
JP
Industrial Production YoY Prel MAR -1.1%
11:50 PM
JP
Industrial Production MoM Prel MAR 0.7%
11:50 PM
JP
Retail Sales MoM MAR 0.2%
11:50 PM
JP
Retail Sales YoY MAR 0.4%
EA
EU-Japan Summit
Friday April 26 2019 Actual Previous
01:30 AM
AU
Export Prices QoQ Q1 4.4%
01:30 AM
AU
Import Prices QoQ Q1 0.5%
01:30 AM
AU
PPI QoQ Q1 0.5%
01:30 AM
AU
PPI YoY Q1 2%
04:00 AM
ID
Motorbike Sales YoY MAR 21%
06:00 AM
ID
Foreign Direct Investment YoY Q1 -11.6%
06:45 AM
FR
Consumer Confidence APR 96
08:30 AM
GB
UK Finance Mortgage Approvals MAR 39.083K
09:45 AM
IT
6-Month BOT Auction -0.062%
10:00 AM
FR
Unemployment Benefit Claims MAR -48K
10:00 AM
FR
Jobseekers Total MAR 3366K
10:00 AM
GB
CBI Industrial Trends Orders APR 1
10:00 AM
GB
CBI Business Optimism Index Q2 -23
10:30 AM
RU
Interest Rate Decision 7.75%
11:30 AM
IN
Foreign Exchange Reserves APR/19 $414.9B
11:30 AM
IN
Deposit Growth YoY APR/12 10%
11:30 AM
IN
Bank Loan Growth YoY APR/12 13.2%
12:30 PM
US
GDP Price Index QoQ Adv Q1 1.9%
12:30 PM
US
Core PCE Prices QoQ Adv Q1 1.8%
12:30 PM
US
PCE Prices QoQ Adv Q1 1.5%
12:30 PM
US
GDP Growth Rate QoQ Adv Q1 2.2%
01:00 PM
MX
Balance of Trade MAR $1.222B
01:00 PM
MX
Economic Activity MoM FEB 0.2%
01:00 PM
MX
Economic Activity YoY FEB 1.3%
01:00 PM
RU
Corporate Profits FEB RUB1.3T
01:30 PM
BR
Bank Lending MoM MAR 0.3%
02:00 PM
US
Michigan Consumer Expectations Final APR 88.8
02:00 PM
US
Michigan Current Conditions Final APR 113.3
02:00 PM
US
Michigan 5 Year Inflation Expectations Final APR 2.5%
02:00 PM
US
Michigan Inflation Expectations Final APR 2.5%
02:00 PM
US
Michigan Consumer Sentiment Final APR 98.4
03:00 PM
CA
Budget Balance FEB C$-1.5B
05:00 PM
US
Baker Hughes Oil Rig Count 26/APR 825
Saturday April 27 2019 Actual Previous
01:30 AM
CN
Industrial Profits (YTD) YoY MAR -14%
Sunday April 28 2019 Actual Previous
ES
General Election
Monday April 29 2019 Actual Previous
07:00 AM
TR
Economic Confidence Index APR 81.9
08:00 AM
EA
Loan Growth YoY MAR 3.3%
08:00 AM
EA
M3 Money Supply YoY MAR 4.3%
08:00 AM
IT
PPI MoM MAR -0.1%
08:00 AM
IT
PPI YoY MAR 3.1%
09:00 AM
EA
Business Confidence APR 0.53
09:00 AM
EA
Services Sentiment APR 11.3
09:00 AM
EA
Consumer Confidence Final APR -7.2
09:00 AM
EA
Consumer Inflation Expectations APR 17
09:00 AM
EA
Economic Sentiment APR 105.5
09:00 AM
EA
Industrial Sentiment APR -1.7
10:15 AM
ES
Business Confidence APR -2.3
12:30 PM
US
Core PCE Price Index YoY MAR
12:30 PM
US
Core PCE Price Index MoM MAR
12:30 PM
US
PCE Price Index YoY MAR
12:30 PM
US
PCE Price Index MoM MAR
12:30 PM
US
Personal Income MoM MAR 0.2%
12:30 PM
US
Personal Spending MoM MAR
12:30 PM
US
Core PCE Price Index MoM FEB 0.1%
12:30 PM
US
Core PCE Price Index YoY FEB 1.8%
12:30 PM
US
PCE Price Index MoM FEB -0.1%
12:30 PM
US
PCE Price Index YoY FEB 1.4%
12:30 PM
US
Personal Spending MoM FEB 0.1%
01:00 PM
FR
3-Month BTF Auction -0.516%
01:00 PM
FR
12-Month BTF Auction -0.527%
01:00 PM
FR
6-Month BTF Auction -0.515%
01:00 PM
SA
Private Bank Lending YoY MAR 3%
01:00 PM
SA
M3 Money Supply YoY MAR 1.5%
02:00 PM
BR
Consumer Confidence Q1 114.3
02:30 PM
US
Dallas Fed Manufacturing Index APR 8.3
03:30 PM
US
6-Month Bill Auction 2.400%
03:30 PM
US
3-Month Bill Auction 2.400%
09:00 PM
KR
Business Confidence APR 73
11:00 PM
KR
Retail Sales YoY MAR -2.0%
11:00 PM
KR
Retail Sales MoM MAR -0.5%
11:00 PM
KR
Manufacturing Production YoY MAR -2.5%
11:00 PM
KR
Construction Output YoY MAR -10.6%
11:00 PM
KR
Industrial Production YoY MAR -2.7%
11:00 PM
KR
Industrial Production MoM MAR -2.6%
11:01 PM
GB
Gfk Consumer Confidence APR -13
Tuesday April 30 2019 Actual Previous
01:00 AM
CN
NBS Manufacturing PMI APR 50.5
01:00 AM
CN
Non Manufacturing PMI APR 54.8
01:30 AM
AU
Private Sector Credit YoY MAR 4.2%
01:30 AM
AU
Private Sector Credit MoM MAR 0.3%
05:00 AM
JP
Construction Orders YoY MAR -3.4%
05:00 AM
JP
Housing Starts YoY MAR 4.2%
05:30 AM
FR
GDP Growth Rate QoQ 1st Est Q1 0.3%
06:00 AM
DE
GfK Consumer Confidence MAY 10.4
06:00 AM
DE
Import Prices YoY MAR 1.6%
06:00 AM
DE
Import Prices MoM MAR 0.3%
06:00 AM
DE
Unemployment Rate Harmonised MAR 3.1%
06:00 AM
RU
Markit Manufacturing PMI APR 52.8
06:00 AM
ZA
M3 Money Supply YoY MAR 5.3%
06:00 AM
ZA
Private Sector Credit YoY MAR 6.03%
06:00 AM
GB
Nationwide Housing Prices YoY APR 0.7%
06:00 AM
GB
Nationwide Housing Prices MoM APR 0.2%
06:45 AM
FR
Budget Balance MAR €-36.9B
06:45 AM
FR
Harmonised Inflation Rate MoM Prel APR 0.9%
06:45 AM
FR
Harmonised Inflation Rate YoY Prel APR