Friday brings the latest US inflation data, so let’s take a closer look.
The final reading of German September CPI is up first at 6 AM. The preliminary estimate puts the annual inflation at 1.8%, the same as a month ago.
Swiss Producer and Import Price Index for September follows at quarter past 7. The August Index saw the first growth in 5 months, mostly on the back of higher petrol prices.
Coming up next at half past noon GMT are two news releases regarding the US economy in September, including the closely watched Consumer Price Index. The annual inflation rose to a 3-month high in August as housing and petrol prices went up in the aftermath of Huriccane Harvey.
Preliminary Retail Sales are out at the same time, and sales slipped unexpectedly in August; moreover, data for previous two months were revised downward as well, suggesting moderate spending during the summer.
The closely watched preliminary estimate of University of Michigan Consumer Confidence for October is scheduled at 2. The Index eased in September, again showing the impact of Hurricane Harvey.
And US Business Inventories for August will be available at the same time. Inventories saw some increase in July, but it was smaller than the point 5% gain a month ago.
You’ve been watching the Economic Calendar for Friday, the 13th of October, with me, Jessica Walker. Check back in for the next overview of key events for Monday.
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