U.S. GDP And Housing Market Data On Tap This Week

The data is unlikely to move the markets much especially after the weaker fourth-quarter GDP has already been priced in. However, some reports which are much more recent will be key as they could hold more information as to how the U.S. economy is faring in the first quarter of the year.

From the Eurozone, data this week will see the release of the flash inflation figures and the latest business activity covering the services and the manufacturing sectors.

Canada will be looking to the release of January’s inflation figures which could ease back following a surprise surge in December 2018.

Data from Australia, New Zealand and Japan are mostly sparse this week. It covers second-tier data such as the construction work done and private capital expenditures figure. This can give some insights into the latest GDP activity for Australia.

Switzerland will also be releasing its monthly GDP figures this week.

Here’s a quick recap of what’s to come in the currency markets this week.

U.S. Q4 GDP released this week

The much delayed fourth-quarter GDP report is out this week. The delay was due to the December/January partial government shutdown which also impacted some economic news releases as well.

The fourth quarter GDP for the U.S.should show that activity eased to 2.6% in the final three months of 2018. This comes as the third quarter GDP showed a 3.4% increase in economic activity. The markets might have fully priced in this information given the delay on the release. Besides the GDP numbers, the quarterly non-farm productivity data should show a 1.7% increase. This is once again a slower pace in comparison to a 2.3% increase in the third quarter.

Housing data will cover the building permits and housing starts figures for November. The data should highlight that building permits and housing starts grew 1.29M and 1.25M respectively during the month.

The retail sales figures for January will be coming out as well this week. Just a few weeks ago, the December retail sales report released showed a sharp decline in activity in December. Investors search for evidence whether this slowdown prolongs and stretches into January as well.

1 2
View single page >> |

Disclaimer: Orbex LIMITED is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number 124/10). ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.