Thursday, the 28th of August, is packed with important economic news releases, so let’s take a closer look with the Economic Calendar. I’m Monica Gibson The first closely watched news release comes at 7:55 AM, and it is the German Labour Report for August. The July report surprised on the upside as jobless claims declined, although the seasonally adjusted jobless rate stood unchanged. The highly anticipated German Preliminary Consumer Price Index for August is out at noon. The annual inflation decelerated in July from 1% in June, pushed lower by a strong drop in energy prices. Two high importance news releases concerning the US economy follow at 12:30 PM GMT, including the second estimate of second quarter GDP. The preliminary estimate shows a strong quarterly growth which fully reverses the 1% decline during the first quarter. The weekly jobless claims update is due at the same time. Initial claims went down by 14 thousand during the week ending August 16, falling faster than expected, while the continuing claims dropped by 49 thousand during the week ending August 9 and now stand at their lowest level in more than 7 years. US Pending Home Sales for July will be available at 2. Sales saw an unexpected decline in June, following a 6% gain in May. The next event on the schedule comes at 10:45 in the evening, when New Zealand Building Permits for July is released. The number of permits went up in June, reaching their highest level since late 2007. British GfK Consumer Confidence for August is due at 11:05. The Index slipped in July, having spent just one month in the positive territory. Two closely watched news releases regarding the Japanese economy in July are out at half past eleven, and Consumer Price Index is one of them. Annual inflation inched lower in June, having peaked at 3.7% the previous month. On the other hand, the jobless rate went up in June from 3.5% a month ago. Japanese Preliminary Industrial Production for July follows twenty minutes later. Output fell much stronger than expected in June. Coming up next at 1 o’clock is the New Zealand NBNZ Business Confidence for August. The Index has been declining for the past 5 months, although it still remains high. And wrapping up this busy schedule are the Japanese Housing Starts for July. Housing starts continued to decline in June, but at a slower pace than anticipated. You’ve been watching the Economic Calendar for Thursday. Check back in for our next overview of key events for Friday. Goodbye.
Thursday, the 28th of August, is packed with important economic news releases, so let’s take a closer look with the Economic Calendar. I’m Monica Gibson
The first closely watched news release comes at 7:55 AM, and it is the German Labour Report for August. The July report surprised on the upside as jobless claims declined, although the seasonally adjusted jobless rate stood unchanged.
The highly anticipated German Preliminary Consumer Price Index for August is out at noon. The annual inflation decelerated in July from 1% in June, pushed lower by a strong drop in energy prices.
Two high importance news releases concerning the US economy follow at 12:30 PM GMT, including the second estimate of second quarter GDP. The preliminary estimate shows a strong quarterly growth which fully reverses the 1% decline during the first quarter.
The weekly jobless claims update is due at the same time. Initial claims went down by 14 thousand during the week ending August 16, falling faster than expected, while the continuing claims dropped by 49 thousand during the week ending August 9 and now stand at their lowest level in more than 7 years.
US Pending Home Sales for July will be available at 2. Sales saw an unexpected decline in June, following a 6% gain in May.
The next event on the schedule comes at 10:45 in the evening, when New Zealand Building Permits for July is released. The number of permits went up in June, reaching their highest level since late 2007.
British GfK Consumer Confidence for August is due at 11:05. The Index slipped in July, having spent just one month in the positive territory.
Two closely watched news releases regarding the Japanese economy in July are out at half past eleven, and Consumer Price Index is one of them. Annual inflation inched lower in June, having peaked at 3.7% the previous month.
On the other hand, the jobless rate went up in June from 3.5% a month ago.
Japanese Preliminary Industrial Production for July follows twenty minutes later. Output fell much stronger than expected in June.
Coming up next at 1 o’clock is the New Zealand NBNZ Business Confidence for August. The Index has been declining for the past 5 months, although it still remains high.
And wrapping up this busy schedule are the Japanese Housing Starts for July. Housing starts continued to decline in June, but at a slower pace than anticipated.
You’ve been watching the Economic Calendar for Thursday. Check back in for our next overview of key events for Friday. Goodbye.
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