11 December 2023
Chris Scicluna
,
Emily Nicol
- US CPI inflation is expected to edge slightly lower in November on weaker gasoline prices
- UK labour market figures should report a notable slowing of momentum in wage growth, while GDP should post a third consecutive monthly increase
- In Japan, the Q4 Tankan survey will be closely watched for recent economic momentum and developments in firms’ inflation expectations
- Friday brings the flash PMI surveys for December
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13 November 2023
Emily Nicol
- Japan’s producer price inflation fell sharply in October to its lowest since February 2021
- In the euro area, updated Q3 GDP data are expected to confirm a modest contraction. Friday will bring revised euro area inflation figures for October.
- In the UK, October’s CPI inflation release is expected to report a marked drop in headline inflation due to a sharp drop in energy inflation.
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06 November 2023
Emily Nicol
- Euro area retail sales figures for September will offer more insight into household consumption in Q3.
- In the UK, the main event this week will be Friday’s release of Q3 GDP data, which are likely to confirm a slight contraction of 0.1%Q/Q.
- In Japan, a key focus will be the release of September’s wage figures, which will likely leave total wage growth well below the rate agreed in this year’s spring wage negations.
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23 October 2023
Chris Scicluna
,
Emily Nicol
- The ECB monetary policy meeting seems bound to leave rates unchanged on Thursday.
- US Q3 GDP growth is bound to be strong (circa 4½%Q/Q ann.)
- Flash October PMIs are likely to remain consistent with contraction in both the euro area and UK.
- In Japan, Tokyo CPI will be the most notable data of the week, with the BoJ’s preferred measure of core inflation expected to have eased 0.2ppt to 3.7%Y/Y.
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09 October 2023
Emily Nicol
- German IP declined for a fourth consecutive month in August as construction and energy production fell back significantly
- In the UK, August GDP figures on Thursday are expected to report some positive payback for the weather-associated weakness in July
- In the US, the key economic release will be September CPI results on Thursday
- Sentiment surveys will dominate the Japanese dataflow this week
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