20th May 2019 - 24th May 2019
• EUR Producer Price Index • USD Powell’s Speech The Producer Price Index released by the Statistisches Bundesamt Deutschland measures the average changes in prices in the German primary markets. Changes in the PPI are widely followed as an indicator of commodity inflation. • GBP Inflation Report Hearings The Treasury Committee is appointed by the House of Commons to examine the expenditure, administration and policy of HM Treasury, HM Revenue & Customs, and associated public bodies, including the Bank of England and the Financial Services Authority. • GBP Retail Price Index, Producer Price Index, Consumer Price Index • USD FOMC Minutes The Producer Price Index Input released by the National Statistics is a monthly measurement of the rate of inflation experienced by the UK manufactures when buying goods and services. It captures changes in the average price of a fixed basket of goods and services purchased by the UK Manufactures. The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. • EUR Gross Domestic Products, Markit Manufacturing PMI, IFO Business Climate • USD Jobless Claims The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. The Manufacturing Purchasing Managers Index (PMI) released by the Markit economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in Germany. The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy. On Friday, retail Sales from UK will be released, UK shoppers were out and about in March and the volume of sales increased by a whopping 1.1%. The data for April may be different, as Easter came later. We may see another volatile outcome. In any case, the focus will soon turn back to Brexit. From US, investment has been lagging in comparison to other parts of the US economy. The data for April, released now, will provide a better insight into GDP growth in the second quarter of the year. Headline orders rose by 2.7% in March but core ones advanced by only 0.4%. The focus remains on core figures due to the high volatility of the headline data, heavily influenced by aircraft sales. Monday
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