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Key Takeaways
- GDP data from the US and the UK to reveal the pace of economic recovery
- Inflation data for the eurozone to highlight if prices kept rising in September
A Wide Range of Economic Reports Ahead
The week starting Monday, September 27, will deliver a flurry of economic events expected to weigh on the market sentiment. Scheduled reports from around the globe, including GDP figures and CPI data, will be closely monitored by traders and investors.
On Monday, to kick off the weekly agenda, the US will start with its Core Durable Goods Orders for August at 08:30 am EST. Later, at 09:30 pm EST, Australia will reveal its retail sales report for August.
On Tuesday, the US will report its CB consumer confidence numbers for September at 10:00 am EST. The measure is an important gauge of economic activity as it reveals consumer spending trends.
Skipping Wednesday for lack of major scheduled economic reports, Thursday’s agenda rolls out with Germany’s unemployment change data for September. The update is set to arrive at 03:55 am EST. At 04:30 am EST, the UK will release its gross domestic product numbers for the second quarter.
UK GDP Data and US GDP Data on Thursday
Preliminary data already showed the UK economy expanded 4.8% in the quarter ended June, compared with the previous quarter. On an annual basis, Britain’s economic expansion landed at an impressive 22.2% growth from the same quarter a year ago, preliminary data revealed.
The US will also unveil its second-quarter growth numbers, compared with the previous quarter. Traders and investors will be looking to see if there will be a revision of preliminary data which pointed to the US economy expanded 6.6% quarter-on-quarter. The report is set for 08:30 am EST on Thursday.
On Friday, as the first day of October, data reports begin at 03:55 am EST with Germany’s manufacturing PMI figures for September. At 04:30 am EST, the UK will release its manufacturing PMI data for September.
Inflation Figures for Europe on Friday
At 05:00 am EST, Europe will deliver its consumer price index numbers for September, on an annual basis. The report will be closely watched as it will highlight if the rate of inflation in the euro area has cooled.
Canada is set to announce its GDP numbers for July, on a monthly basis, at 08:30 am EST. The US will release its ISM manufacturing PMI figures for September at 10:00 am EST.
Probably you have noticed a key economic report will be missing on the first Friday of the month. The non-farm payrolls report and unemployment data, which are usually released every first Friday of the month, will be released a week later, on October 8, the US Bureau of Labor Statistics says.
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