Friday, 8 May 2009

Important economic data due from the US next week

Next week there are some big data releases and announcements due in America:
  • On Monday, US Fed Chairman Ben Bernanke is due to give a speech on “stress tests” at Jekyll Island, Georgia at 23.30 BST
  • The following day, at 13.30 BST, very important US Trade Balance figures are due for release, which we expect to register at -$29.4 billion
  • On Wednesday April’s Advance Retail Sales figures are due at 13.30 BST, which we forecast will rise from -1.2% in March to 0%
  • Thursday sees the release of Producer Price Index data. We predict Month-on-Month and Year-on-Year figures for this will be 0.1% and -3.9% respectively. Excluding food and energy, however, we expect the PPI figures to come in at 0.1% and 3.4% respectively
  • Finally, on Friday Year-on-Year CPI data, including and excluding food and energy, is released, which we expect to register at -0.6% and 1.8% respectively.

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