PPI in the US and CPI in the UK are the main events lined up. Let’s see what awaits us today.
In the US, Producer Price Index (PPI), leading indicator of consumer inflation, to value the price change of finished goods and services, is due to rise from -0.8% on December up to -0.1% now. Meanwhile on the Core PPI (without food and energy) rise of 0.1% up to 0.2% now is likely.
Later in the US, Retail Sales, value all the sales at the retail level, reduce of 0.1% is likely from December down to 0.2%. And on the Core Retail Sales (not including cars), rise up to 0.2% is due now
Later on in the US, Business Inventories, signal of future business spending that measures all the manufacturer’s goods that are held in inventory, 0.3% is due now from 0.4% on December.
More in the US, Empire State Manufacturing Index due rise up from -8.1 on December up to 1.9 now.
Finally in the US, Eric Rosengren, Federal Reserve Bank of Boston President, is due to speak in Rhode Island.
In Great Britain, Mervyn King Bank of England (BOE) Governor, is due to testify in London. And the BOE Inflation Letter is also due this month.
Later in Great Britain, Consumer Price Index (CPI), value the price change of consumers’ goods and services, 2.7% is likely to remain this month as well, while on the Producer Price Index (PPI) Input rise of 0.1% is due. And on the Retail Price Index (RPI) no change is predicted now and 3.0% is calculated for this month.
Finally in Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, diffusion index, -8% is forecasted now from -9% on December.
Read more about the Pound in the GBP/USD forecast.
In Australia, Westpac Consumer Sentiment shows the level of a diffusion index, -4.1% is likely now with no change from the previous report.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Core Machinery Orders leading production indicator to calculate all the manufacturers’ new private-sector purchase orders (without ships and utilities), 0.4% is due now from 2.6% on the last time.
Read more about the yen in the USD/JPY forecast.
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