Investors Should Watch These Economic Indicators This Week
The most important indicators for this week will be US retail sales, the UK’s CPI, and US consumer sentiment.
The US Consumer Price Index rose 0.1% in July 2017, compared with no change in June 2017, falling short of the market’s expectations of a 0.20% rise.
The UK Services PMI stood at 53.8 in July 2017, compared with 53.4 in May, beating the market expectation of 53.6.
The Japan Services PMI stood at 52.0 in July 2017, compared with 53.3 in June 2017, missing the market expectation of 53.3.
The Spain Services PMI stood at 57.6 in July, compared with 58.3 in June. The PMI figure didn’t meet the preliminary market estimation of 58.3.
The Eurozone Services PMI remained unchanged in July 2017, coming in at 55.4 but missing the preliminary market estimation.
The July France Services PMI (purchasing managers’ index) stood at 56.0 in July 2017, compared with 56.9 in June 2017, meeting the initial estimate of 55.9.
The July Germany Services PMI stood at 53.1, compared with 54.0 in June 2017, falling short of the preliminary market’s estimation of 53.5.
The July US Services PMI (purchasing managers’ index) report shows a strong improvement in the US business climate.
In this series, we’ll analyze the services PMIs for major developed nations including the US, France, Germany, Spain, the Eurozone, Japan, and the UK.
Retail sales in Malaysia rose 13.9% YoY (year-over-year) in June 2017, compared with its 13.6% gain in May 2017.
Manufacturing activity in Malaysia remained subdued in July 2017.
Consumer prices in Malaysia grew 3.6% in June 2017, compared with its 3.9% rise in May 2017.
Exports from Malaysia in June 2017 stood at 73.1 billion Malaysian ringgit (MYR) (about $17 billion as of August 11, 2017), or 10% higher YoY.
Malaysia’s trade surplus jumped to 9.9 billion Malaysian ringgit (MYR) (about $2.3 billion as of August 11, 2017) in June 2017—an 80% rise YoY.
Consumer prices in Colombia (GXG) rose 3.4% on a year-over-year basis in July 2017, lower than the 4.0% rise in June 2017.
Industrial confidence in Colombia (GXG) improved in June 2017 to -5.4% as compared to -8.8% in May 2017.
The business confidence in Colombia (GXG) in June 2017 remained in negative territory but recovered from lows in the last five months.
Colombia (GXG) signed a deal with the Mercosur trade bloc on July 21, 2017, to allow the import of limited quantities of certain products without a tariff in the Colombian market.
Colombian (GXG) exports stood at $2.8 billion in June 2017, a 0.8% increase year-over-year and an 18% decline on a month-over-month basis.