white caution cone on keyboard

Upcoming Economic Data to Watch This Week: A Global Overview

As the world’s economies continue to evolve, key economic indicators will provide insights into their health and direction. This upcoming week, data releases across Asia, Europe, and the United States are poised to shed light on various aspects of economic performance. Let’s explore the noteworthy reports to expect in the coming days.

Asia’s Economic Pulse:

The economic week is set to kick off in Asia, with Australia scheduled to report its July retail sales on Monday. Simultaneously, Japan will unveil its leading economic index for June, offering a glimpse into the nation’s economic outlook.

On Tuesday, Japan will release its July unemployment rate, while Singapore will present the Producer Price Index (PPI) for July. Thursday will follow suit with South Korea reporting on July’s industrial production and retail sales. Over in China, all eyes will turn to the Purchasing Managers’ Index (PMI) for manufacturing and services in August, a report from the National Bureau of Statistics (NBS) that holds the potential to influence global markets.

Friday will continue the momentum as South Korea discloses its imports, exports, and trade balance for August. China will take center stage with the Purchasing Managers’ Index (PMI) for the manufacturing sector in August from Caixin. Additionally, Indonesia will contribute to the regional economic picture with its release of the August inflation rate.

Europe’s Economic Landscape:

Turning to Europe, Germany will set the tone on Tuesday by revealing its September consumer confidence index from the GfK institute. Wednesday will bring the EU’s August consumer confidence index, providing a broader perspective on the continent’s consumer sentiment.

Thursday will offer a trio of insights from Germany, including July retail sales and August unemployment figures. The EU will round off the day by reporting its unemployment rate for July.

As the week wraps up, Friday will bring the final manufacturing Purchasing Managers’ Index (PMI) for August from Hamburg’s Commercial Bank (HCOB) for France, Germany, and the EU. The UK’s final manufacturing PMI for August from S&P Global/CIPS will add another layer to the European economic narrative.

United States Economic Signals:

In the United States, the economic week will be marked by a series of impactful releases. Monday will kick off with the index for the month of production from the Dallas Fed at 9:30 p.m. ET.

Tuesday’s reports will include June home prices from S&P/Case-Shiller, July job openings and labor turnover (JOLTS) figures, and the Sentiment Index. The August Consumer Confidence from the Conference Board will complete the day’s picture.

Wednesday will continue the flurry of data with August private payroll figures from ADP, the second estimate of 2Q2023 gross domestic product (GDP), pending home contract sales for July, and the weekly oil inventory from the US Energy Information Administration (EIA).Thursday will bring weekly jobless claims and the personal consumption expenditure (PCE) price index for July, key indicators that will closely reflect the state of the US economy.

Friday, the week’s pinnacle, will witness the release of nonfarm payrolls for August in the United States. The Final Manufacturing Purchasing Managers’ Index (PMI) for August from S&P Global will wrap up a week of data-driven insights.

In conclusion, the global economic landscape this week is poised to offer a wealth of insights across various regions. With Asia, Europe, and the United States each contributing their data releases, investors, analysts, and policymakers will closely monitor these indicators to better understand the trajectories of their respective economies.

Leave a Reply

%d bloggers like this: