GDP data out of the US and UK in focus

The US remains in the focus during the week, as the Federal Reserve will be closely watching the data flow in the final weeks before the next monetary policy meeting on 15th June. GDP data out of the UK are also due, while flash PMI results from major economies will be closely watched.

Monday 23 May
Flash PMI results are out in Japan, France, Germany, the Eurozone and the US.
Japan sees the publication of trade data.
Eurozone consumer confidence numbers will be released.

Tuesday 24 May
Out of Germany, we expect first quarter GDP data and ZEW economic sentiment data.
Public sector net borrowing figures are released in the UK.

Wednesday 25 May
In New Zealand, trade balance data are published.
GfK consumer sentiment numbers are released in Germany alongside Ifo’s Business Climate Index.
The Bank of Canada announces its latest monetary policy decision.
US home price data are due as well as flash PMI data.

Thursday 26 May
Retail sales numbers are also issued in Italy, followed by wage growth figures.
Updated first quarter GDP results are published in the UK. A first estimate showed economic growth slowing from 0.6% in the final three months of last year to 0.4% and PMI data point to a further marked slowdown in April.
In the US, durable goods orders and initial jobless claims figures are out.

Friday 27 May
Consumer price figures are updated in Japan.
Revised first quarter GDP results are published in the US. Despite the growth slowdown during the first quarter, Fed policy makers have become more bullish about the US economic resilience, according to minutes from its April meeting.

The post GDP data out of the US and UK in focus appeared first on FXTM Blog.

Source:: GDP data out of the US and UK in focus