01 June 2023
Emily Nicol
,
Chris Scicluna
- Japanese MoF survey implies that firms’ capital spending was stronger than initially estimated
- German retail sales ticked up only modestly
- Euro area inflation is expected to take a big step down in May
- Latest UK bank lending figures likely to flag negative impacts from ongoing tightening of financial conditions
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26 May 2023
Chris Scicluna
,
Emily Nicol
- UK retail sales returned to growth, with the firmest momentum in sixteen months
- French consumer confidence moved sideways, but remained well below the long-run average
- US personal spending and PCE deflators figures a key focus today
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24 May 2023
Emily Nicol
,
Chris Scicluna
- This morning’s UK inflation data revealed broad-based intensification of core pressures
- The Reuters Tankan survey signalled an acceleration in Japan’s recovery momentum
- Germany’s ifo survey is likely to report a further improvement in conditions in the services sector
- In the US, the FOMC’s minutes from its early May meeting will be published
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17 May 2023
Chris Scicluna
,
Emily Nicol
- Japanese GDP boosted by a recovery in consumer spending and tourism
- Euro area final inflation figures likely to tally with the flash estimates reporting a slight uptick in the headline rate but slight easing in the core rate
- US housing starts expected to decline in April as demand remains hit by tighter credit conditions
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16 May 2023
Chris Scicluna
,
Emily Nicol
- UK labour market data provided evidence of a further loosening of conditions, but private sector wage growth momentum is still way too higher for the BoE’s comfort
- China’s activity data point to a more subdued recovery than expected at start of Q2
- Updated euro area Q1 GDP figures might well see the modest growth initially reported revised away on the back of the slump in IP
- US retail sales and industrial production numbers in focus
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