Retail Sales in the US and BOE Inflation Letter in the UK are the main events lined up. Let’s see what awaits us today.
In the US, Retail Sales, the total value of sales at the retail level, rise is due from -0.5% on July uo to 0.4% now, And similar is expected on the Core Retail Sales (apart from cars), rise from -0.4%% on the last report up to 0.4% now.
Later in the US, Producer Price Index (PPI) finished goods and services price change, 0.3% is due now from 0.1% on July and on the Core PPI (without food and energy) no change is predicted and 0.2% is due to remain.
Also in the US, Business Inventories, value of manufacturer’s goods that are held in inventory, 0.3% is calculated similar to the last month.
Finally in the US, Investor’s Business Daily (IBD) / Techno Metrica Institute of Policy and Politics (TIPP) Economic Optimism is due to rise by 0.4 points in compare to July up to 47.4 points.
In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, Survey to rate the 6-month monetary outlook, -19.1 points are likely from -22.3 on the last time, and on the German ZEW Economic Sentiment, rise of 0.4 points are calculated up to -19.2 this time.
Later in Europe, Flash Gross Domestic Product (GDP), value of all the economy production for goods and services, reduce of 0.2% is expected, on the French Prelim GDP, reduce of 0.1% is likely, and on the German Prelim GDP 0.1% is likely from 0.5% on the last quarter.
Also in Europe, French Prelim Non-Farm Payrolls, measures the number of employed people (not including the farming industry and government) -0.1% is forecasted from 0.1% on the last quarter.
More in Europe, Industrial Production, value the manufacturers, mines, and utilities output production, reduce is likely from 0.6% July down to -0.4% on this report.
Finally in Europe, French Consumer Price Index (CPI), the consumer’s price change for goods and services, -0.2% is calculated now.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Consumer Price Index (CPI), consumer’s price change of goods and services, 2.3% is likely from 2.4% on the last report, on the Core CPI 2.1% is due to remains similar to the last report, and on the Retail Price Index (RPI) no change is expected and 2.8% is forecasted on this time.
Later in Great Britain, Bank of England (BOE) Inflation Letter, show the insight regarding the future of financial policy.
Finally in Great Britain, House Price Index (HPI) 2.7% is likely from 2.3% on July.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Producer Price Index (PPI), manufacturer’s price change of goods and raw materials, -0.2% is predicted from -0.3% on July.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, National Australia Bank (NAB) Business Confidence, Monthly Survey to rate the current business conditions, -3 points are calculated similar the last report.
Later in Australia, New Motor Vehicle Sales, the number of new cars and trucks that were sold domestically on the last month, is about to remain with -0.6% like on on July.
For more on the Aussie, read the AUD/USD forecast.
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