Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Week Ahead Economic Preview: Week Of 8 February 2021

Published 07/02/2021, 06:35
Updated 05/03/2021, 15:50
  • Consumer inflation numbers for the US, China and Germany
  • Trade updates for China, Japan and Germany
  • UK fourth quarter GDP, eurozone production

The week ahead sees updates to consumer price inflation for the US, China and Germany, which will be eagerly assessed for any signs of rising industrial prices feeding through to households. Trade data from China, Japan and Germany will also be eyed for evidence of supply chain bottlenecks subduing trade flows. Other notable data releases include UK GDP and eurozone industrial production. Central bank policy meetings are meanwhile scheduled in Sweden, the Philippines, Mexico and Russia, plus there's a Mansion House speech from Bank of England Governor Bailey which will be scrutinised in particular for the Bank's appetite for negative interest rates.

For the US, the economic release calendar is topped by inflation data, which follow survey data pointing to cost pressures reaching the highest for over a decade amid severe supply chain disruptions. Jobless claims, job openings and consumer confidence data will also be monitored for updates to the health of the labour market and households, while budget announcements for 2021 will steer spending guidance on the Biden administration's first year.

In Europe, industrial production and trade data take centre stage in the eurozone, with Germany, Italy and France reporting December production numbers ahead of full regional estimates on Friday, with the former also releasing eagerly-awaited export statistics. The UK meanwhile releases its first estimate of fourth quarter GDP. The Bank of England now expects a decline to have been narrowly avoided, but prospects are looking worse for the first quarter.

Asia Pacific data releases in the week ahead likewise include some important trade numbers, notably out of China and Japan. Both also issue producer price data plus consumer inflation. A key focus will be on the extent to which trade flows are being affected by the pandemic and associated supply constraints. Similarly, consumer price inflation data will be eyed for insights into the extent to which higher industrial prices are feeding though to consumers.

"Disclaimer: The intellectual property rights to these data provided herein are owned by or licensed to Markit Economics Limited. Any unauthorised use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing is not permitted without Markit’s prior consent. Markit shall not have any liability, duty or obligation for or relating to the content or information (“data”) contained herein, any errors, inaccuracies, omissions or delays in the data, or for any actions taken in reliance thereon.

In no event shall Markit be liable for any special, incidental, or consequential damages, arising out of the use of the data. Purchasing Managers' Index™ and PMI™ are either registered trademarks of Markit Economics Limited or licensed to Markit Economics Limited. Markit is a registered trade mark of Markit Group Limited."

Original Post

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.