On Monday, the release of Singapore’s September inflation rate will set the tone for a week filled with significant economic data releases across Asia.
On Tuesday, South Korea will provide insights into its economic health by reporting the Producer Price Index (PPI) for September, while Japan will offer a glimpse into its manufacturing and services sectors with the October preliminary Purchasing Managers’ Index (PMI) from Jibun Bank.
Wednesday will see South Korea reporting consumer confidence data for October, giving investors and analysts a sense of public sentiment, while business confidence for October will follow on Thursday.
Finally, Japan will conclude the week in the region by unveiling the Core Consumer Price Index (core CPI) for Tokyo in October, with Australia chiming in with its Producer Price Index (PPI) for the third quarter, and China revealing its industrial profits for September. Singapore will also join the chorus by reporting its Producer Price Index (PPI) data for September.
Europe will have its own share of economic data announcements during the week, adding to the global financial landscape.
On Tuesday, Germany will share the November Consumer Confidence Index from the GfK institute, along with the October Preliminary Manufacturing/Service Purchasing Managers’ Index (PMI) from Hamburg Commercial Bank (HCOB). France and the European Union will contribute to the information flow by reporting their October Preliminary Manufacturing/Services Purchasing Managers’ Index (PMI) figures from the same source. England will disclose its unemployment rate for August and Purchasing Managers’ Index (PMI) data for the manufacturing and primary services sector in October, sourced from S&P Global.
Wednesday will bring Germany’s October business sentiment index from the Ifo institute, shedding light on the country’s economic outlook.
Thursday will be marked by a significant event as the European Central Bank (ECB) announces its interest rate decision, closely watched by investors and economists alike.
To wrap up the European week, France will report its consumer confidence index for October on Friday.
In the United States, a flurry of economic data releases will keep the financial world closely monitoring the nation’s economic health throughout the week.
On Monday, the United States will begin with reporting the September National Economic Activity Index from the Chicago Fed, offering insight into the nation’s overall economic performance.
Tuesday will provide a closer look at the American economy with the release of the October Manufacturing/Services Purchasing Managers Index (PMI) from S&P Global.
Wednesday will be notable for the disclosure of September new home sales data, as well as the weekly oil stocks report from the US Energy Information Administration (EIA).
Thursday will be a particularly significant day for economic data, with the United States reporting the number of weekly jobless claims, the preliminary estimate of 3Q2023 gross domestic product (GDP), durable goods orders in September, and the number of home sales contracts pending closing, known as Pending Home Sales for September.
Closing out the week, Friday will feature the release of the September Personal Consumption Expenditures (PCE) Price Index and the October Consumer Sentiment Index from the University of Michigan, offering insights into consumer behavior and sentiment within the United States.
Overall, the week’s economic data releases across Asia, Europe, and the United States will paint a comprehensive picture of the global economic landscape, providing investors and analysts with vital information for making informed decisions.