Week Ahead - May 18th

Exchanges of conciliatory and escalatory rhetoric between the US and Iran will continue to shape markets as their conflict still has no end in sight. At the same time, the Fed will release minutes from its latest meeting, which saw three dissents. For economic data, the US spotlight will be in leading indicators with PMIs, regional Fed indices, and the UMich consumer sentiment survey, in addition to housing price data. Leading indicators are also the focus in Europe with GfK and Ifo surveys in Germany, while flash PMIs are featured in the Eurozone. In the UK, political uncertainty will remain in focus after Andy Burnham emerged as a potential challenger to Prime Minister Starmer. Inflation, unemployment, and retail sales data will also be released. In Asia, China will release industrial output, retail sales, unemployment, housing prices, and fixed investment and Japan Q1 GDP growth.
Andre Joaquim | andre.joaquim@tradingeconomics.com
5/15/2026 5:26:05 PM
Americas
Next week, the FOMC meeting minutes will be the main event, as investors look for signals on the interest rate path following the recent hotter-than-expected US CPI and PPI data. Corporate earnings will also take center stage, with Nvidia expected to surpass market expectations in its highly anticipated report. Other notable earnings include Walmart, The Home Depot, TJX, Intuit, Analog Devices, Lowe’s, and Deere. On the economic front, investors will focus on a series of housing-related indicators. Housing starts are expected to decline, while building permits are seen edging higher. Pending home sales are projected to rise a solid 1.6%, and the NAHB Housing Market Index is forecast to remain unchanged at 34. Also, the S&P Global flash PMI reading is expected to show continued growth in private sector activity in May, despite the impact of the US conflict with Iran. The Philadelphia Fed Manufacturing Index, capital flows, and the final Michigan consumer sentiment reading will also be closely watched. Elsewhere in America, the economic calendar is lighter, with Canada’s April inflation rate, retail trade, and new housing prices in focus.

Nvidia Headquarters, Santa Clara, CA

Europe
In Germany, the GfK Consumer Climate Indicator is expected to fall for a fourth consecutive month, while the Ifo Business Climate Index is also forecast to decline for a third straight month to its weakest reading since May 2020. In the UK, investors will focus on key data including unemployment, inflation and retail sales. Annual inflation is expected to ease to 2.7% in April from a three-month high of 3.3%, while core inflation is also seen slowing to 2.7%. The unemployment rate is projected to remain steady at 4.9% in Q1, with total average weekly earnings holding at 3.8%. Flash PMI readings for the Euro Area, Germany, France and the UK will also be released, with manufacturing growth expected to soften slightly while the contraction in services activity may ease. Markets will also monitor final Euro Area inflation data, flash consumer sentiment and final German GDP figures. Other releases include trade balance data from the Euro Area, Italy and Spain, Germany’s PPI, UK GfK consumer confidence and CBI industrial trends orders, France’s business confidence, Switzerland’s Q1 GDP and industrial production, and Turkey’s consumer and business confidence indicators.

Berlin, Germany

Asia Pacific
In China, investors will closely monitor a broad set of economic data for fresh insight into the economy’s performance in April. Industrial production is expected to have risen 5.9% year-on-year, slightly above March’s 5.7%, while retail sales growth is also seen accelerating to 2%. By contrast, fixed-asset investment growth likely moderated. Investors will also focus on unemployment and house price data. Meanwhile, the People’s Bank of China is widely expected to keep its 1-year and 5-year loan prime rates unchanged at 3.0% and 3.5%, respectively, marking a full year without any policy adjustment. In Japan, preliminary estimates are likely to show the economy expanded at an annualized rate of 1.7% in Q1, accelerating from 1.3% in Q4, as the full economic impact of the Iran conflict has yet to materialize. Trade data is also expected to show both exports and imports growing at a slower pace in April, while machinery orders likely contracted 8.1%. Flash PMI readings will provide an early snapshot of private-sector activity in May, with manufacturing growth expected to ease slightly. Inflation data will also be in focus, with the annual core inflation rate projected to slow to 1.7% from 1.8%. India and Australia are both scheduled to release flash manufacturing and services PMI readings for May. Australia will also publish consumer inflation expectations, consumer confidence, employment figures, with the unemployment rate expected to remain steady at 4.3%, and the minutes from the latest Reserve Bank of Australia meeting. Elsewhere in the region, Singapore, Malaysia, and New Zealand are due to release trade data, while Malaysia and Hong Kong will also publish inflation figures. Thailand is set to report GDP growth data, and Indonesia’s central bank will announce its latest monetary policy decision.

Abu Dhabi, UAE






From Until
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Friday May 15 2026 Actual Previous Consensus Forecast
09:00 AM
IN
Balance of Trade APR $-28.38B $-20.67B $-27B $-30.0B
09:10 AM
CN
Current Account Prel Q1 $184.1B $243.8B $215.0B
12:15 PM
CA
Housing Starts APR 279.3K 239.7K ® 240.0K 230.0K
12:30 PM
US
NY Empire State Manufacturing Index MAY 19.60 11.00 7.5 7
01:15 PM
US
Industrial Production MoM APR 0.7% -0.3% ® 0.3% 0.1%
02:00 PM
BR
Business Confidence MAY 47.2 45.2 46
04:00 PM
RU
GDP Growth Rate YoY Prel Q1 -0.2% 1% -0.5%
04:00 PM
RU
Inflation Rate MoM APR 0.1% 0.6% 0.3% 0.4%
04:00 PM
RU
Inflation Rate YoY APR 5.6% 5.9% 5.8% 5.9%
CN
President Trump and President Xi Summit
Monday May 18 2026 Actual Previous Consensus Forecast
01:30 AM
CN
House Price Index YoY APR -3.5% -3.4% -3.5%
02:00 AM
CN
Industrial Production YoY APR 4.1% 5.7% 5.9% 5.5%
02:00 AM
CN
Retail Sales YoY APR 0.2% 1.7% 2% 2.2%
02:00 AM
CN
Fixed Asset Investment (YTD) YoY APR -1.6% 1.7% 1.6% 1.5%
07:00 AM
TR
Consumer Confidence MAY 85.8 85.5 86
08:00 AM
IT
Balance of Trade MAR €4.709B €4.983B ® €5.2B €4.4B
08:35 AM
GB
BoE Greene Speech
09:30 AM
GB
BoE L Mann Speech
12:30 PM
US
Fed Venable Speech
02:00 PM
US
NAHB Housing Market Index MAY 37 34 35 35
08:00 PM
US
Net Long-term TIC Flows MAR $81.3B $57B ®
11:50 PM
JP
GDP Growth Rate QoQ Prel Q1 0.5% 0.2% ® 0.4% 0.4%
11:50 PM
JP
GDP Growth Annualized Prel Q1 2.1% 0.8% ® 1.7% 1.5%
BR
BCB Focus Market Readout
Tuesday May 19 2026 Actual Previous Consensus Forecast
12:30 AM
AU
Westpac Consumer Confidence Change MAY 3.5% -12.5% -1.1%
12:30 AM
AU
RBA Hunter Speech
12:30 AM
AU
Westpac Consumer Confidence Index MAY 83 80.1 79.2
01:30 AM
AU
RBA Meeting Minutes
06:00 AM
GB
Unemployment Rate MAR 5% 4.9% 4.9% 4.9%
06:00 AM
GB
Average Earnings incl. Bonus (3Mo/Yr) MAR 4.1% 3.9% ® 3.8% 3.8%
06:00 AM
GB
Employment Change MAR 148K 24K ® 107K 95.0K
08:00 AM
ES
Balance of Trade MAR €-4.4B €-3.3B € -5.6B
09:00 AM
EA
Balance of Trade MAR €7.8B €11.1B ® €5.4B €35.0B
09:10 AM
GB
BoE Breeden Speech
12:15 PM
US
ADP Employment Change Weekly 42.25K 33.0K
12:30 PM
CA
Inflation Rate YoY APR 2.8% 2.4% 3.1% 3.0%
12:30 PM
CA
Core Inflation Rate YoY APR 2.1% 2.5% 2.6%
12:30 PM
CA
Inflation Rate MoM APR 0.4% 0.9% 0.7% 0.7%
12:30 PM
CA
New Housing Price Index MoM APR -0.4% -0.2% 0% -0.1%
01:00 PM
US
Fed Waller Speech
02:00 PM
US
Pending Home Sales MoM APR 1.4% 1.7% ® 1% 1.8%
02:00 PM
US
Pending Home Sales YoY APR 3.2% -1.1% -0.5%
08:55 PM
US
API Crude Oil Stock Change MAY/15 -9.1M -2.188M -3.4M
11:00 PM
US
Fed Paulson Speech
11:30 PM
US
Fed Venable Speech
Wednesday May 20 2026 Actual Previous Consensus Forecast
01:15 AM
CN
Loan Prime Rate 1Y 3% 3% 3% 3.0%
01:15 AM
CN
Loan Prime Rate 5Y MAY 3.5% 3.5% 3.5% 3.5%
06:00 AM
DE
PPI YoY APR 1.7% -0.2% 1.5% 1.6%
06:00 AM
GB
Inflation Rate YoY APR 2.8% 3.3% 3% 3.0%
06:00 AM
GB
Core Inflation Rate YoY APR 2.5% 3.1% 2.6% 2.7%
06:00 AM
GB
Inflation Rate MoM APR 0.7% 0.7% 0.9% 0.9%
07:30 AM
ID
Interest Rate Decision 5.25% 4.75% 5% 4.75%
08:00 AM
ZA
Inflation Rate MoM APR 1.1% 0.6% 1.4%
08:00 AM
ZA
Inflation Rate YoY APR 4% 3.1% 3.9% 4.0%
11:00 AM
US
MBA 30-Year Mortgage Rate MAY/15 6.56% 6.46%
12:00 PM
US
Fed Paulson Speech
02:15 PM
US
Fed Barr Speech
02:30 PM
US
EIA Crude Oil Stocks Change MAY/15 -7.864M -4.306M -2.9M
02:30 PM
US
EIA Gasoline Stocks Change MAY/15 -1.548M -4.084M -2.1M
06:00 PM
US
FOMC Minutes
11:00 PM
AU
S&P Global Manufacturing PMI Flash MAY 50.2 51.3 50.6
11:00 PM
AU
S&P Global Services PMI Flash MAY 47.7 50.7 49.9
11:50 PM
JP
Balance of Trade APR ¥301.9B ¥643B ® ¥-29.7B ¥-150.0B
11:50 PM
JP
Exports YoY APR 14.8% 11.5% ® 9.3%
11:50 PM
JP
Machinery Orders MoM MAR -9.4% 13.6% -8.1% -3.3%
11:50 PM
JP
Machinery Orders YoY MAR 5.9% 24.7% 4.5% 18.0%
Thursday May 21 2026 Actual Previous Consensus Forecast
12:30 AM
JP
S&P Global Manufacturing PMI Flash MAY 54.5 55.1 54.5 54
12:30 AM
JP
S&P Global Services PMI Flash MAY 50.0 51.0 50.7
01:30 AM
AU
Employment Change APR -18.6K 23.3K ® 17.5K 10.0K
01:30 AM
AU
Full Time Employment Chg APR -10.7K 63.4K ® 40.0K
01:30 AM
AU
Unemployment Rate APR 4.5% 4.3% 4.3% 4.3%
01:30 AM
JP
BoJ Koeda Speech
05:00 AM
IN
HSBC Composite PMI Flash MAY 58.1 58.2 57.5
05:00 AM
IN
HSBC Manufacturing PMI Flash MAY 54.3 54.7 55
05:00 AM
IN
HSBC Services PMI Flash MAY 58.9 58.8 57.9
07:15 AM
FR
S&P Global Composite PMI Flash MAY 43.5 47.6 47.7 47.1
07:15 AM
FR
S&P Global Manufacturing PMI Flash MAY 48.9 52.8 52.2 52.2
07:15 AM
FR
S&P Global Services PMI Flash MAY 42.9 46.5 46.6 46.4
07:30 AM
DE
S&P Global Manufacturing PMI Flash MAY 49.9 51.4 51 51.1
07:30 AM
DE
S&P Global Composite PMI Flash MAY 48.6 48.4 48.4 48.7
07:30 AM
DE
S&P Global Services PMI Flash MAY 47.8 46.9 47 47.2
08:00 AM
EA
S&P Global Composite PMI Flash MAY 47.5 48.8 48.8 49.5
08:00 AM
EA
S&P Global Manufacturing PMI Flash MAY 51.4 52.2 51.8 51.5
08:00 AM
EA
S&P Global Services PMI Flash MAY 46.4 47.6 47.7 48
08:30 AM
GB
S&P Global Manufacturing PMI Flash MAY 53.7 53.7 53 53.2
08:30 AM
GB
S&P Global Services PMI Flash MAY 47.9 52.7 51.7 51.7
09:30 AM
EU
European Commission Spring Forecasts
10:00 AM
GB
CBI Industrial Trends Orders MAY -41 -38 -40 -40
12:30 PM
US
Building Permits Prel APR 1.442M 1.363M 1.39M 1.37M
12:30 PM
US
Housing Starts APR 1.465M 1.507M ® 1.41M 1.45M
12:30 PM
US
Building Permits MoM Prel APR 5.8% -11.5% ® 0.5%
12:30 PM
US
Housing Starts MoM APR -2.8% 12% ® -3.5%
12:30 PM
US
Initial Jobless Claims MAY/16 209K 212K ® 210K 210.0K
12:30 PM
US
Philadelphia Fed Manufacturing Index MAY -0.4 26.7 18 19
01:45 PM
US
S&P Global Composite PMI Flash MAY 51.7 51.7 51.5
01:45 PM
US
S&P Global Manufacturing PMI Flash MAY 55.3 54.5 53.8 53
01:45 PM
US
S&P Global Services PMI Flash MAY 50.9 51.0 51.1 51.1
02:00 PM
EA
Consumer Confidence Flash MAY -19 -20.6 -20.8 -22
09:00 PM
KR
Consumer Confidence MAY 106.1 99.2 96
11:01 PM
GB
Gfk Consumer Confidence MAY -23 -25 -28 -27
11:30 PM
JP
Inflation Rate YoY APR 1.4% 1.5% 1.8%
11:30 PM
JP
Core Inflation Rate YoY APR 1.4% 1.8% 1.7% 2.0%
Friday May 22 2026 Actual Previous Consensus Forecast
06:00 AM
DE
GfK Consumer Confidence JUN -29.8 -33.1 ® -34 -34
06:00 AM
GB
Retail Sales MoM APR -1.3% 0.6% ® -0.6% -0.3%
06:00 AM
GB
Retail Sales YoY APR 0% 1.4% ® 1.3% 1.2%
06:45 AM
FR
Business Confidence MAY 102 100 100 99
07:00 AM
TR
Balance of Trade Final APR $-8.5B $-11.2B $-8.51B $-8.51B
07:00 AM
TR
Business Confidence MAY 103.30 100.6 100.8
08:00 AM
DE
Ifo Business Climate MAY 84.9 84.5 ® 84.2 84.6
09:00 AM
EA
Negotiated Wage Growth Q1 2.46% 2.89% ® 2.7%
12:30 PM
CA
Retail Sales Ex Autos MoM MAR 1.4% 0.6% ® 0.9% 0.2%
12:30 PM
CA
Retail Sales MoM Final MAR 0.9% 0.7% 0.6% 0.6%
12:30 PM
CA
Retail Sales MoM Prel APR 0.6% 0.9% 0.5%
02:00 PM
US
Michigan Consumer Sentiment Final MAY 44.8 49.8 48.2 48.2
02:30 PM
CA
Senior Loan Officer Survey
03:00 PM
US
Fed Waller Speech
Monday May 25 2026 Actual Previous Consensus Forecast
12:00 PM
MX
Balance of Trade APR $5.932B $3.8B
CN
FDI (YTD) YoY APR -7.3% -6.8%
BR
BCB Focus Market Readout
Tuesday May 26 2026 Actual Previous Consensus Forecast
10:00 AM
GB
CBI Distributive Trades MAY -68 -60 -60
12:30 PM
US
Chicago Fed National Activity Index APR -0.20 -0.3
01:00 PM
US
S&P/Case-Shiller Home Price YoY MAR 0.9% 1% 1.1%
02:00 PM
US
CB Consumer Confidence MAY 92.8 92 92
02:30 PM
US
Dallas Fed Manufacturing Index MAY -2.3 -1
09:00 PM
KR
Business Confidence MAY 74 70
Wednesday May 27 2026 Actual Previous Consensus Forecast
01:30 AM
AU
Construction Work Done QoQ Q1 -0.1% 0.8% 0.8%
01:30 AM
AU
Inflation Rate MoM APR 1.1% 0.6% 0.7%
01:30 AM
AU
Inflation Rate YoY APR 4.6% 4.4% 4.6%
01:30 AM
AU
RBA Trimmed Mean CPI MoM APR 0.3% 0.4% 0.3%
01:30 AM
AU
RBA Trimmed Mean CPI YoY APR 3.3% 3.4%
04:00 AM
EU
New Car Registrations YoY APR 12.5% 6.6%
06:45 AM
FR
Consumer Confidence MAY 84 85 84
08:00 AM
EA
ECB Financial Stability Review
08:00 AM
US
Fed Logan Speech
10:00 AM
FR
Unemployment Benefit Claims APR 35.6K 23.0K
11:00 AM
US
MBA 30-Year Mortgage Rate MAY/22 6.56%
12:15 PM
US
ADP Employment Change Weekly 42.25K
07:55 PM
US
Fed Cook Speech
08:30 PM
US
API Crude Oil Stock Change MAY/22 -9.1M
JP
BoJ Gov Ueda Speech
Thursday May 28 2026 Actual Previous Consensus Forecast
12:00 AM
EA
ECB Lane Speech
12:00 AM
US
Fed Jefferson Speech
01:00 AM
KR
Interest Rate Decision 2.5% 2.5%
01:30 AM
AU
RBA Bulletin
05:00 AM
JP
Housing Starts YoY APR -29.3% 15.5% 16.5%
07:15 AM
EA
ECB Lane Speech
07:20 AM
EA
ECB President Lagarde Speech
08:00 AM
IT
Business Confidence MAY 87.9 86
08:00 AM
IT
Consumer Confidence MAY 90.8 88
08:30 AM
EA
ECB Cipollone Speech
09:00 AM
EA
Economic Sentiment MAY 93.0 92 91
10:00 AM
ES
Business Confidence MAY -5 -4
11:30 AM
EA
ECB Monetary Policy Meeting Accounts
12:00 PM
BR
Unemployment Rate APR 6.1% 6.0%
12:30 PM
CA
Current Account Q1 C$-0.7B C$ -3.4B
12:30 PM
US
Core PCE Price Index MoM APR 0.3% 0.3%
12:30 PM
US
Durable Goods Orders MoM APR 0.8% 0.4%
12:30 PM
US
GDP Growth Rate QoQ 2nd Est Q1 0.5% 2.0% 2.0%
12:30 PM
US
Personal Income MoM APR 0.6% 0.5%
12:30 PM
US
Personal Spending MoM APR 0.9% 0.6%
12:30 PM
US
Corporate Profits QoQ Prel Q1 5.7% 4.1%
12:30 PM
US
Durable Goods Orders Ex Transp MoM APR 0.9% 0.5%
12:30 PM
US
GDP Price Index QoQ 2nd Est Q1 3.7% 4.5% 4.5%
12:30 PM
US
Initial Jobless Claims MAY/23 209K 212K 215.0K
12:30 PM
US
PCE Price Index MoM APR 0.7% 0.5%
12:30 PM
US
PCE Price Index YoY APR 3.5% 3.8%
12:55 PM
US
Fed Williams Speech
02:00 PM
CA
BoC Financial Stability Report
02:00 PM
US
New Home Sales APR 0.682M 0.67M 0.66M
02:00 PM
US
New Home Sales MoM APR 7.4% -3.2%
03:45 PM
EA
ECB Schnabel Speech
04:00 PM
US
EIA Crude Oil Stocks Change MAY/22 -7.864M
04:00 PM
US
EIA Gasoline Stocks Change MAY/22 -1.548M
11:30 PM
JP
Unemployment Rate APR 2.7% 2.7% 2.7%
11:50 PM
JP
Industrial Production MoM Prel APR -0.4% -1% 0.7%
11:50 PM
JP
Retail Sales YoY APR 1.7% 1.3% 1.0%
Friday May 29 2026 Actual Previous Consensus Forecast
05:00 AM
JP
Consumer Confidence MAY 32.2 32 31.5
06:00 AM
GB
Nationwide Housing Prices MoM MAY 0.4% 0.2%
06:00 AM
GB
Nationwide Housing Prices YoY MAY 3% 2.9%
06:45 AM
FR
Inflation Rate YoY Prel MAY 2.2% 2.6%
06:45 AM
FR
Inflation Rate MoM Prel MAY 1% 0.3%
07:00 AM
ES
Inflation Rate MoM Prel MAY 0.4% 0.4%
07:00 AM
ES
Inflation Rate YoY Prel MAY 3.2% 3.5%
07:55 AM
DE
Unemployed Persons MAY 3.006M 3.021M
07:55 AM
DE
Unemployment Change MAY 20K 10K 15.0K
07:55 AM
DE
Unemployment Rate MAY 6.4% 6.4% 6.4%
08:00 AM
IT
Unemployment Rate APR 5.2% 5.4%
08:20 AM
GB
BoE Gov Bailey Speech
09:00 AM
IT
Inflation Rate YoY Prel MAY 2.7% 3.2%
09:00 AM
IT
Inflation Rate MoM Prel MAY 1.1% 0.4%
12:00 PM
BR
GDP Growth Rate QoQ Q1 0.1% 0.2%
12:00 PM
BR
GDP Growth Rate YoY Q1 1.8% 1.4%
12:00 PM
DE
Inflation Rate YoY Prel MAY 2.9% 2.8% 3.1%
12:00 PM
DE
Inflation Rate MoM Prel MAY 0.6% 0.3%
12:00 PM
ZA
Balance of Trade APR ZAR31.87B ZAR 15.0B
12:30 PM
CA
GDP Growth Rate Annualized Q1 -0.6% 0.7%
12:30 PM
CA
GDP Growth Rate QoQ Q1 -0.2% 0.1%
12:30 PM
CA
GDP MoM MAR 0.2% 0.1% 0.0%
12:30 PM
CA
GDP MoM Prel APR -0.1%
12:30 PM
US
Goods Trade Balance Adv APR $-87.45B $-89.0B
12:30 PM
US
Retail Inventories Ex Autos MoM Adv APR 0.4% 0.2%
12:30 PM
US
Wholesale Inventories MoM Adv APR 1.3% 0.7%
01:10 PM
US
Fed Bowman Speech
01:15 PM
US
Fed Paulson Speech
01:45 PM
US
Chicago PMI MAY 49.2 49.5 49.5
Sunday May 31 2026 Actual Previous Consensus Forecast
01:30 AM
CN
NBS Manufacturing PMI MAY 50.3 50.5
01:30 AM
CN
NBS Non Manufacturing PMI MAY 49.4 49.9
12:30 PM
US
Fed Waller Speech
11:50 PM
JP
Capital Spending YoY Q1 6.5% 5.0%
Monday June 01 2026 Actual Previous Consensus Forecast
12:00 AM
KR
Exports YoY MAY 48%
12:30 AM
KR
S&P Global Manufacturing PMI MAY 53.6 53
01:45 AM
CN
RatingDog Manufacturing PMI MAY 52.2 51.9
06:00 AM
DE
Retail Sales MoM APR -2% 1.1%
06:00 AM
DE
Retail Sales YoY APR -2% -1.4%
06:00 AM
RU
S&P Global Manufacturing PMI MAY 48.1 48.2
07:00 AM
TR
GDP Growth Rate QoQ Q1 0.4% 0.9%
07:00 AM
TR
GDP Growth Rate YoY Q1 3.4% 3.1%
07:15 AM
ES
S&P Global Manufacturing PMI MAY 51.7 51.2
07:45 AM
IT
S&P Global Manufacturing PMI MAY 52.1
09:00 AM
EA
Unemployment Rate APR 6.2% 6.3%
10:30 AM
IN
Industrial Production YoY APR 4.1% 3.5%
10:30 AM
IN
Manufacturing Production YoY APR 4.3% 3.7%
12:00 PM
MX
Business Confidence MAY 47.9 48.1
01:30 PM
CA
S&P Global Manufacturing PMI MAY 53.3
02:00 PM
US
ISM Manufacturing PMI MAY 52.7
02:00 PM
US
ISM Manufacturing Employment MAY 46.4
11:00 PM
KR
Inflation Rate YoY MAY 2.6%
BR
BCB Focus Market Readout
Tuesday June 02 2026 Actual Previous Consensus Forecast
01:30 AM
AU
Building Permits MoM Prel APR -10.5% -2.3%
01:30 AM
AU
Company Gross Profits QoQ Q1 5.8% -0.9%
04:00 AM
ID
Balance of Trade APR $3.32B
04:00 AM
ID
Inflation Rate YoY MAY 2.42%
07:00 AM
ES
Unemployment Change MAY -62.7K
08:30 AM
GB
BoE Consumer Credit APR £1.895B
08:30 AM
GB
Mortgage Approvals APR 63.53K
08:30 AM
GB
Mortgage Lending APR £6.15B
09:00 AM
EA
Inflation Rate YoY Flash MAY 3% 3.4%
09:00 AM
EA
Core Inflation Rate YoY Flash MAY 2.2% 2.3%
09:00 AM
EA
Inflation Rate MoM Flash MAY 1% 0.2%
12:30 PM
US
Fed Hammack Speech
02:00 PM
US
JOLTs Job Openings APR 6.866M
08:30 PM
US
API Crude Oil Stock Change MAY/29
11:00 PM
AU
Ai Group Industry Index MAY -24.4 -24
TR
Balance of Trade Prel MAY $-8.5B $-7.7B
ZA
Business Confidence Q2 47 38
Wednesday June 03 2026 Actual Previous Consensus Forecast
01:30 AM
AU
GDP Growth Rate QoQ Q1 0.8% 0.5%
01:30 AM
AU
GDP Growth Rate YoY Q1 2.6% 2.6%
01:45 AM
CN
RatingDog Services PMI MAY 52.6 52.5
07:15 AM
ES
S&P Global Services PMI MAY 55.8
07:45 AM
IT
S&P Global Services PMI MAY 49.8
09:30 AM
ZA
GDP Growth Rate QoQ Q1 0.4% 1%
09:30 AM
ZA
GDP Growth Rate YoY Q1 0.8% 0.8%
11:00 AM
US
MBA 30-Year Mortgage Rate MAY/29
12:00 PM
BR
Industrial Production MoM APR 0.1%
12:15 PM
US
ADP Employment Change MAY 109K 75.0K
01:00 PM
BR
S&P Global Services PMI MAY 52.3
02:00 PM
US
ISM Services PMI MAY 53.6
02:00 PM
US
Factory Orders MoM APR 1.5% 0.7%
02:30 PM
US
EIA Crude Oil Stocks Change MAY/29
02:30 PM
US
EIA Gasoline Stocks Change MAY/29
04:00 PM
RU
Unemployment Rate APR 2.2% 2.3%
06:00 PM
BR
Balance of Trade MAY $10.54B $9.9B
Thursday June 04 2026 Actual Previous Consensus Forecast
01:30 AM
AU
Balance of Trade APR A$-1.841B A$-3.0B
07:00 AM
TR
Unemployment Rate APR 8.1%
08:30 AM
GB
S&P Global Construction PMI MAY 39.7 46
09:00 AM
EA
Retail Sales MoM APR -0.1% -0.6%
12:30 PM
US
Initial Jobless Claims MAY/30
11:30 PM
JP
Household Spending MoM APR -1.3%
11:30 PM
JP
Household Spending YoY APR -2.9%
Friday June 05 2026 Actual Previous Consensus Forecast
04:30 AM
IN
RBI Interest Rate Decision 5.25% 5.5%
06:00 AM
GB
Halifax House Price Index MoM MAY -0.1%
06:00 AM
GB
Halifax House Price Index YoY MAY 0.4%
06:45 AM
FR
Balance of Trade APR €-6.9B €-7.3B
06:45 AM
FR
Industrial Production MoM APR 1% 0.2%
07:00 AM
TR
Inflation Rate MoM MAY 4.18%
07:00 AM
TR
Inflation Rate YoY MAY 32.37%
09:00 AM
IT
Retail Sales MoM APR 0.8%
10:30 AM
IN
GDP Growth Rate YoY Q1 7.8% 7.8%
12:00 PM
MX
Consumer Confidence MAY 44.4 44.8
12:30 PM
CA
Unemployment Rate MAY 6.9% 6.9%
12:30 PM
CA
Employment Change MAY -17.7K
12:30 PM
CA
Full Time Employment Chg MAY -46.7K
12:30 PM
CA
Part Time Employment Chg MAY 29K
12:30 PM
CA
Participation Rate MAY 65%
12:30 PM
US
Non Farm Payrolls MAY 115K
12:30 PM
US
Unemployment Rate MAY 4.3% 4.4%
12:30 PM
US
Average Hourly Earnings MoM MAY 0.2%
12:30 PM
US
Average Hourly Earnings YoY MAY 3.6%
12:30 PM
US
Participation Rate MAY 61.8% 61.7%
02:00 PM
CA
Ivey PMI s.a MAY 57.7 51
Sunday June 07 2026 Actual Previous Consensus Forecast
11:50 PM
JP
Current Account APR ¥4682B
11:50 PM
JP
GDP Growth Annualized Final Q1 0.8% 2.1% 2.1%
11:50 PM
JP
GDP Growth Rate QoQ Final Q1 0.2% 0.5% 0.5%
Monday June 08 2026 Actual Previous Consensus Forecast
06:00 AM
DE
Factory Orders MoM APR 5%
11:01 PM
GB
BRC Retail Sales Monitor YoY MAY -3.4%
BR
BCB Focus Market Readout
Tuesday June 09 2026 Actual Previous Consensus Forecast
12:30 AM
AU
Westpac Consumer Confidence Change JUN 3.5% -1.2%
12:30 AM
AU
Westpac Consumer Confidence Index JUN 83 82
01:30 AM
AU
NAB Business Confidence MAY -24 -22
03:00 AM
CN
Balance of Trade MAY $84.82B
03:00 AM
CN
Exports YoY MAY 14.1%
03:00 AM
CN
Imports YoY MAY 25.3%
06:00 AM
DE
Balance of Trade APR €14.3B
06:00 AM
DE
Exports MoM APR 0.5%
06:00 AM
DE
Industrial Production MoM APR -0.7%
12:00 PM
MX
Inflation Rate MoM MAY 0.2%
12:00 PM
MX
Inflation Rate YoY MAY 4.45%
12:15 PM
US
ADP Employment Change Weekly
12:30 PM
CA
Balance of Trade APR C$1.78B C$1.5B
12:30 PM
US
Balance of Trade APR $-60.3B
12:30 PM
US
Exports APR $320.9B
12:30 PM
US
Imports APR $381.2B
02:00 PM
US
Existing Home Sales MAY 4.02M
02:00 PM
US
Existing Home Sales MoM MAY 0.2%
08:30 PM
US
API Crude Oil Stock Change JUN/05
Wednesday June 10 2026 Actual Previous Consensus Forecast
01:30 AM
CN
Inflation Rate YoY MAY 1.2%
01:30 AM
CN
Inflation Rate MoM MAY 0.3%
01:30 AM
CN
PPI YoY MAY 2.8%
07:00 AM
TR
Industrial Production YoY APR -1.1%
08:00 AM
IT
Industrial Production MoM APR 0.7%
11:00 AM
US
MBA 30-Year Mortgage Rate JUN/05
12:00 PM
BR
Inflation Rate MoM MAY 0.67%
12:00 PM
BR
Inflation Rate YoY MAY 4.39% 4.5%
12:30 PM
US
Core Inflation Rate MoM MAY 0.4% 0.3%
12:30 PM
US
Core Inflation Rate YoY MAY 2.8% 2.8%
12:30 PM
US
Inflation Rate MoM MAY 0.6% 0.4%
12:30 PM
US
Inflation Rate YoY MAY 3.8% 3.9%
12:30 PM
US
CPI MAY 333.02 333.9
12:30 PM
US
CPI s.a MAY 332.407 333.7
01:45 PM
CA
BoC Interest Rate Decision
02:30 PM
CA
BoC Press Conference
02:30 PM
US
EIA Crude Oil Stocks Change JUN/05
02:30 PM
US
EIA Gasoline Stocks Change JUN/05
04:00 PM
RU
Inflation Rate MoM MAY 0.1% 0.3%
04:00 PM
RU
Inflation Rate YoY MAY 5.6% 5.7%
06:00 PM
US
Monthly Budget Statement MAY $215B
11:00 PM
KR
Unemployment Rate MAY 2.8%
11:01 PM
GB
RICS House Price Balance MAY -34% -15.0%
Thursday June 11 2026 Actual Previous Consensus Forecast
11:00 AM
TR
TCMB Interest Rate Decision 37%
12:15 PM
EA
Deposit Facility Rate 2%
12:15 PM
EA
ECB Interest Rate Decision 2.15% 2.4%
12:30 PM
US
PPI MoM MAY 1.4%
12:30 PM
US
Core PPI MoM MAY 1%
12:30 PM
US
Initial Jobless Claims JUN/06
12:45 PM
EA
ECB Press Conference
Friday June 12 2026 Actual Previous Consensus Forecast
06:00 AM
GB
GDP MoM APR 0.3% 0.1%
06:00 AM
GB
GDP 3-Month Avg APR 0.6% 0.8%
06:00 AM
GB
Goods Trade Balance APR £-27.22B £-20.5B
06:00 AM
GB
Goods Trade Balance Non-EU APR £-15.195B £-9.8B
06:00 AM
GB
Industrial Production MoM APR -0.2% 0.3%
06:00 AM
GB
Manufacturing Production MoM APR 1.2% -0.2%
10:30 AM
IN
Inflation Rate YoY MAY 3.48%
12:00 PM
BR
Retail Sales MoM APR 0.5%
01:40 PM
BR
Business Confidence JUN 47.2 46.5
02:00 PM
US
Michigan Consumer Sentiment Prel JUN 44.8 49
Saturday June 13 2026 Actual Previous Consensus Forecast
CN
New Yuan Loans MAY CNY-10B CNY 500.0B
Monday June 15 2026 Actual Previous Consensus Forecast
06:00 AM
DE
Wholesale Prices MoM MAY 2%
06:00 AM
DE
Wholesale Prices YoY MAY 6.3%
08:00 AM
IT
Balance of Trade APR €4.709B
09:00 AM
EA
Balance of Trade APR €7.8B
09:00 AM
EA
Industrial Production MoM APR 0.2%
12:15 PM
CA
Housing Starts MAY 279.3K
12:30 PM
US
NY Empire State Manufacturing Index JUN 19.60 -5
01:15 PM
US
Industrial Production MoM MAY 0.7%
02:00 PM
US
NAHB Housing Market Index JUN 37 36
BR
BCB Focus Market Readout
Tuesday June 16 2026 Actual Previous Consensus Forecast
01:30 AM
CN
House Price Index YoY MAY -3.5%
02:00 AM
CN
Industrial Production YoY MAY 4.1%
02:00 AM
CN
Retail Sales YoY MAY 0.2%
02:00 AM
CN
Fixed Asset Investment (YTD) YoY MAY -1.6%
03:00 AM
JP
BoJ Interest Rate Decision 0.75% 1.0%
04:30 AM
AU
RBA Interest Rate Decision 4.35% 4.35%
05:30 AM
AU
RBA Press Conference
09:00 AM
EA
ZEW Economic Sentiment Index JUN -9.1 -25
09:00 AM
DE
ZEW Economic Sentiment Index JUN -10.2 -16
12:15 PM
US
ADP Employment Change Weekly
12:30 PM
US
Building Permits Prel MAY
12:30 PM
US
Housing Starts MAY 1.465M
12:30 PM
US
Building Permits MoM Prel MAY
12:30 PM
US
Export Prices MoM MAY 3.3%
12:30 PM
US
Housing Starts MoM MAY -2.8%
12:30 PM
US
Import Prices MoM MAY 1.9%
08:30 PM
US
API Crude Oil Stock Change JUN/12
11:50 PM
JP
Balance of Trade MAY ¥301.9B
11:50 PM
JP
Exports YoY MAY 14.8%
11:50 PM
JP
Machinery Orders MoM APR -9.4%
11:50 PM
JP
Machinery Orders YoY APR 5.9%
CN
FDI (YTD) YoY MAY
IN
Balance of Trade MAY $-28.38B
Wednesday June 17 2026 Actual Previous Consensus Forecast
06:00 AM
GB
Inflation Rate YoY MAY 2.8% 3.1%
06:00 AM
GB
Core Inflation Rate YoY MAY 2.5% 2.6%
06:00 AM
GB
Inflation Rate MoM MAY 0.7% 0.5%
08:00 AM
ZA
Inflation Rate MoM MAY 1.1% 1.7%
08:00 AM
ZA
Inflation Rate YoY MAY 4% 4.5%
11:00 AM
US
MBA 30-Year Mortgage Rate JUN/12
12:30 PM
US
Retail Sales MoM MAY 0.5% 0.6%
12:30 PM
US
Retail Sales Control Group MoM MAY 0.5% 0.3%
12:30 PM
US
Retail Sales Ex Autos MoM MAY 0.7% 0.6%
02:00 PM
US
Business Inventories MoM APR 0.9% 0.4%
02:00 PM
US
Pending Home Sales MoM MAY 1.4%
02:00 PM
US
Pending Home Sales YoY MAY 3.2%
02:30 PM
US
EIA Crude Oil Stocks Change JUN/12
02:30 PM
US
EIA Gasoline Stocks Change JUN/12
06:00 PM
US
Fed Interest Rate Decision 3.75% 3.75%
06:00 PM
US
FOMC Economic Projections
06:30 PM
US
Fed Press Conference
09:30 PM
BR
Interest Rate Decision 14.5%
Thursday June 18 2026 Actual Previous Consensus Forecast
01:30 AM
AU
Employment Change MAY -18.6K
01:30 AM
AU
Full Time Employment Chg MAY -10.7K
01:30 AM
AU
Unemployment Rate MAY 4.5%
06:00 AM
GB
Unemployment Rate APR 5%
06:00 AM
GB
Average Earnings incl. Bonus (3Mo/Yr) APR 4.1% 3.6%
06:00 AM
GB
Employment Change APR 148K
07:30 AM
ID
Interest Rate Decision 5.25%
11:00 AM
GB
BoE Interest Rate Decision 3.75%
11:00 AM
GB
BoE MPC Vote Cut
11:00 AM
GB
BoE MPC Vote Hike
11:00 AM
GB
BoE MPC Vote Unchanged
11:00 AM
GB
MPC Meeting Minutes
12:30 PM
US
Initial Jobless Claims JUN/13
12:30 PM
US
Philadelphia Fed Manufacturing Index JUN -0.4 9
08:00 PM
US
Net Long-term TIC Flows APR $81.3B
11:01 PM
GB
Gfk Consumer Confidence JUN -23 -29
11:30 PM
JP
Inflation Rate YoY MAY 1.4%
11:30 PM
JP
Core Inflation Rate YoY MAY 1.4%
11:50 PM
JP
BoJ Monetary Policy Meeting Minutes



About our calendar

Trading Economics provides its users with a near real-time economic calendar updated 24 hours a day. Actual values are based on official sources, not third party data providers. Previous values are available before an economic indicator is reported and marked as revised (*) accordingly. Survey consensus figures are provided displaying the average forecast among a representative group of economists. We also provide forecasts which are driven by our analysts’ expectations and technically projected using an autoregressive integrated moving average (ARIMA) model.

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