We end this week with Building Permits in the US and Manufacturing Sales in Canada as the major events of the day. Here is an outlook on the market-movers awaiting us.
In the US, Building Permits, new residential building permits that were issued on the previous month, 0.95M is likely from 0.92M on July. And similar rise is likely on the Housing Starts, began construction on the last month with 0.91M from 0.84M on July.
Later in the US, Prelim Nonfarm Productivity, labor efficiency of goods and services production (not including the farming industry), 0.5% is due to remain similar to the last quarter. While on the Prelim Unit Labor Costs, labor payment is due to rise up to 1.4% from -4.3% on the last quarterly report.
Finally in the US, Prelim UoM Consumer Sentiment, Monthly Survey to value the current and future economic conditions, rise of 0.4 points is due up to 85.6 points now. While on the Prelim UoM Inflation Expectations, the expected price change on the next 12 months by percentage, 3.1% is calculated similar to the last time.
In Canada, Manufacturing Sales, the manufacturers’ total value of sales, 0.5% is predicted now from 0.7% on July.
Later in Canada, Foreign Securities Purchases shows the total value of foreigners’ purchased domestic stocks, bonds, and money-market assets, 77.7B is expected now from 6.74B on the reported month.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Consumer Price Index (CPI), the consumers price change for gods and services, 1.6% is due to remain like on July. While on the Core CPI (apart from food, energy, alcohol, and tobacco), 1.1% is forecasted from 1.2% on the previous month.
Later in Europe, Current Account shows the difference value between imported and exported goods, rise up to 21.2B from 19.6B on July is due.
Finally in Europe, Trade Balance is likely with 15.3B from 14.6B on the last report.
For more on the Euro, read the Euro to dollar forecast.
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