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Economics to Watch This Week: Global Economic Indicators and Monetary Policy


The week will kick off with Indonesia’s report on the gross domestic product (GDP) for the second quarter of 2023. On Tuesday, South Korea will reveal its June current account balance, while Japan will report household spending data for June, and Australia will share the preliminary August consumer confidence from Westpac. Additionally, China will release vital data on imports, exports, and trade balance for July.

Wednesday will bring South Korea’s July jobless rate and China’s consumer price index (CPI) and producer price index (PPI) for July. On Thursday, Japan will report the Producer Price Index (PPI) for the same month, and the Reserve Bank of India will meet for monetary policy discussions and announce its interest rate resolution. Finally, on Friday, we will see the final estimate of Singapore’s gross domestic product (GDP) for the second quarter of 2023.


In Europe, Germany will start the week by reporting industrial production data for June. On Tuesday, Germany will release its consumer price index (CPI) for July, and France will share data on imports, exports, and trade balance for the previous month.

By Friday, Britain will present its preliminary estimate of gross domestic product (GDP) for the second quarter of 2023, along with industrial production data for June. France will also release its inflation rate for July.

United States

In the United States, Tuesday will bring the release of data on imports, exports, and trade balance for June. On Wednesday, the US Energy Information Administration (EIA) will share its weekly oil stock report.

Thursday will see the US reporting weekly jobless claims and the Consumer Price Index (CPI) for July. Closing the week on Friday, the US will present the Producer Price Index (PPI) for July and the University of Michigan’s preliminary consumer sentiment index for August.

Implications for Global Markets

Investors, economists, and policymakers around the world will be closely monitoring these economic indicators throughout the week. The data releases can provide valuable insights into the health and trajectory of various economies, influencing market sentiment and policy decisions.

For instance, GDP figures will be critical in assessing a country’s overall economic performance, while inflation indicators like CPI and PPI may influence central banks’ decisions on interest rates and monetary policy. Trade balance data will give a glimpse into international trade dynamics and can impact currency values. Additionally, consumer confidence and sentiment indices will provide clues about consumer spending patterns and overall economic optimism.

As countries grapple with post-pandemic recovery and navigate challenges like supply chain disruptions and rising inflation, these economic indicators will take on even greater significance. Investors and businesses will be closely analyzing the data to make informed decisions and adjust their strategies accordingly.

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