Article by ForexTime
The final week of August has a few key economic indicators to look out for.
On Monday, German Ifo data will be closely watched as markets are eager to see how the Eurozone’s largest economy is faring. Later in the day the US Commerce Department will releases figures for new home sales, which are forecast to show a rebound in July.
On Tuesday, durable goods orders form the US are due while on Wednesday the German Gfk consumer climate survey will be published.
On Thursday focus remains on Germany where preliminary CPI data will be published as well as employment numbers. From the UK, CBI Realized Sales will be on the docket.
From the US, the second estimate of gross domestic product (GDP) for the three-month period is due. No change is expected since it will probably show an increase similar to the 4 percent annualized pace of growth that was reported last month. Other US data to watch for include weekly initial jobless claims and Pending Home Sales.
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On Friday, a series of Japanese data will include inflation, household spending, retail sales and jobs. Following form this focus turns to Europe where German retail sales are due as well as inflation and jobs data form the Eurozone. Finally, data from the United States will include personal spending which is expected to show an increase in July at the slowest pace in three months as demand for motor vehicles cooled. Personal income numbers will also be watched as well as the University of Michigan revised consumer sentiment report.
Article by ForexTime
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