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Economic news
27.05.2022

Key events for next week: Germany and the eurozone CPI, China, the eurozone, UK and the US PMI indices, Germany, the eurozone and the US unemployment rate, Australia GDP, Bank of Canada interest rate decision

On Monday, at 07:00 GMT, Switzerland will release the KOF leading indicator for May. At 09:00 GMT, the eurozone will publish the business climate index, the consumer confidence index and the manufacturing sentiment index for May. At 12:00 GMT, Germany will present the consumer price index for May. At 12:30 GMT, Canada will announce a change in the balance of payments for the 1st quarter. At 22:45 GMT, New Zealand will announce a change in the number of building permits for April. At 23:30 GMT, Japan will announce a change in the unemployment rate for April, and at 23:50 GMT - a change in industrial production and retail sales for April.

On Tuesday, at 01:00 GMT, New Zealand will release the ANZ business confidence index for May. At 01:30 GMT, Australia will announce changes in construction permits for April, as well as the gross profit of companies and the current account balance for the 1st quarter. At 01:30 GMT, China will present the index of business activity in the manufacturing sector and the index of business activity in the services sector for May. At 05:00 GMT, Japan will publish the household confidence index for May and announce a change in the housing starts for April. At 06:00 GMT, Switzerland will report a change in the trade balance for April, and at 06:30 GMT - a change in retail sales for April. At 06:45 GMT, France will announce changes in consumer spending for April and GDP for the 1st quarter. At 06:45 GMT, France will present the producer price index for April. At 07:00 GMT, Switzerland will report the change in GDP for the 1st quarter. At 07:55 GMT, Germany will announce a change in the number of unemployed and the unemployment rate for May. At 08:30 GMT, Britain will announce changes in the M4 monetary aggregate, the number of mortgage approvals and the volume of mortgage lending for April. At 09:00 GMT, the eurozone will release the consumer price index for May. At 12:30 GMT, Canada will report the change in GDP for the 1st quarter. At 13:00 GMT, the US will present the S&P/Case-Shiller home price indices for March. At 13:45 GMT, the US will release the Chicago Business Activity Index (PMI) for May, and at 14:00 GMT - the consumer confidence index for May. At 22:30 GMT, Australia will publish the AIG manufacturing activity index for May.

On Wednesday, at 00:30 GMT, Japan will present the index of business activity in the manufacturing sector for May. At 01:30 GMT, Australia will announce the change in GDP for the 1st quarter. At 01:45 GMT, China will release the index of business activity in the manufacturing sector from Caixin for May. At 06:00 GMT, Germany will report a change in retail sales for April. Then the focus will be on the indices of business activity in the manufacturing sector for May: Switzerland will report at 07:30 GMT, France at 07:50 GMT, Germany at 07:55 GMT, the eurozone at 08:00 GMT, and Britain at 08:30 GMT. At 09:00 GMT, the eurozone will announce a change in the unemployment rate for April. At 13:45 GMT, the US will release the index of business activity in the manufacturing sector for May. At 14:00 GMT, the United States will report on the change in construction spending for April, and will also present the ISM index of business activity in the manufacturing sector for May and a report on the number of open vacancies in the labor market for April. Also at 14:00 GMT in Canada, the Bank of Canada's interest rate decision will be announced. At 18:00 GMT, in the US, the Fed's Beige Book will be released. 

On Thursday, at 01:30 GMT, Australia will announce a change in the trade balance for April. At 06:30 GMT, Switzerland will publish the consumer price index for May. At 09:00 GMT, in the eurozone, the producer price index for April will be released. Also on Thursday, an OPEC meeting will be held. At 12:15 GMT, the US will report a change in the number of people employed from ADP for May. At 12:30 GMT, the United States will announce changes in the nonfarm productivity and labor costs for the 1st quarter, as well as the number of initial applications for unemployment benefits. In addition, at 12:30 GMT, Canada will announce a change in the number of construction permits for April. At 14:00 GMT, the US will announce a change in factory orders for April. At 15:00 GMT in the USA, the report of the Ministry of Energy on oil reserves will be released. At 22:30 GMT, Australia will present the AIG construction activity index for May.

On Friday, at 00:30 GMT, Japan will publish the PMI index in the services sector for May. At 06:00 GMT, Germany will report a change in the trade balance for April. At 06:45 GMT, France will announce a change in industrial production for April. Then the service sector PMI indices for May will be in focus: France will report at 07:50 GMT, Germany at 07:55 GMT, and the eurozone at 08:00 GMT. At 09:00 GMT, the eurozone will announce a change in retail sales for April. At 12:30 GMT, the US will announce changes in the nonfarm payrolls and the unemployment rate for May. Also at 12:30 GMT, Canada will report changes in labor productivity for the 1st quarter. At 13:45 GMT, the US will release the PMI index in the services sector for May, and at 14:00 GMT - the ISM non-manufacturing index for May. At 17:00 GMT, in the United States, the Baker Hughes report on the number of active oil drilling rigs will be released.

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