Eurozone GDP, China CPI and RBNZ policy meeting in focus next week

Next week has a busy economic calendar. Monday begins with the release of trade data out of China. Also in focus will be Japan’s revised first quarter GDP numbers. The first estimate suggested that the economy expanded by a surprisingly-brisk 0.6%.

Later on Monday, focus will be on German industrial production and the Eurozone Sentix investor Confidence report.

On Tuesday, the National Australia Bank’s Business Conditions Index is due, while Japan will publish consumer confidence data.

Inflation numbers are updated in China. In April, China’s consumer inflation (CPI) largely held steady in April at 1.5 percent, which would likely give the central bank more scope for further policy easing.

From Europe on Tuesday, we will see revised first quarter GDP figures for the Euro area. The report is not expected to show any change to the initial estimate of 0.4% growth.

On Wednesday, first data of the day will be Japanese machinery orders, followed by Westpac consumer sentiment numbers out of Australia.

Industrial production figures are due from the UK after March data showed some encouraging signs of growth.

On Thursday focus will be on the Reserve Bank of New Zealand (RBNZ)as it announces its latest monetary policy decision. Also important to watch will be the latest jobs report from Australia.
China sees the release of industrial output and retail sales data.

From the US, initial jobless claims numbers and retail sales figures will be released.

On Friday, Industrial production numbers will be published by Japan. Meanwhile the Eurozone also published industrial production numbers.

Construction output figures for the UK are then due, followed by Producer price data and the Reuters/Michigan Consumer Sentiment Index from the US.

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