The last trading day of this week should be a busy one, so let’s take a look at the economic calendar. Swiss KOF Economic Barometer for June opens this agenda at 7 o’clock in the morning. Index dropped by 3.3 points in May to the long term average of 100, indicating average development of the Swiss economy in the coming months. German Unemployment Change for June will be available shortly before 8 AM. Unemployment contracted once again in May and unemployment rate declined to 5.3%, which was the lowest level since German reunification in 1990. It will be busy with UK data at 8:30 and we’ll get the final update of the first quarter GDP stats. According to the second estimate, economy expanded by point 4%, slightly lower than the first estimate indicated. First quarter Current Account data is out at the same time. Deficit narrowed down in the final quarter of last year to 18.4 billion Pounds, which is 3.6% of the Gross domestic Product. And Lending to Individuals for May is the final report scheduled at 8:30. Lending increased more than expected in April as it jumped by 5.7 billion Pounds. Flash Euro Zone Consumer Price Index for June follows at 9 AM. Annual inflation accelerated in May to 1.9%, moving much closer to the ECB target range. It’s busy with North American reports at a half past noon GMT and US Personal Income and Spending for May is one of them. Income rose by point 3% in April, which was in line with expectations, but spending showed a stronger jump of point 6%. The high importance Canadian Gross Domestic Product for April is also out at this time. Real GDP expanded by point 3% in March as 15 of 20 industrial sectors showed growth. Main contributors were mining, quarrying, oil and gas extraction sector. Canadian Industrial Product & Raw Materials Prices for May wrap up the 12:30 data run. Both measures increased in April, but at a slower pace than anticipated. US ISM Chicago PMI for June follows at a quarter to two. Business Barometer rose by 5.1 points to 62.7 in May, which is the highest level since January. And last up is the Final University of Michigan Survey for June at 2 PM GMT. According to preliminary report, consumer sentiment improved slightly in early June due to consumers’ more favorable assessments of their current financial situation and more favorable views of current buying conditions for household durables. I’m Jack Everittand that’s all for this week’s final edition of the Economic Calendar.
The last trading day of this week should be a busy one, so let’s take a look at the economic calendar.
Swiss KOF Economic Barometer for June opens this agenda at 7 o’clock in the morning. Index dropped by 3.3 points in May to the long term average of 100, indicating average development of the Swiss economy in the coming months.
German Unemployment Change for June will be available shortly before 8 AM. Unemployment contracted once again in May and unemployment rate declined to 5.3%, which was the lowest level since German reunification in 1990.
It will be busy with UK data at 8:30 and we’ll get the final update of the first quarter GDP stats. According to the second estimate, economy expanded by point 4%, slightly lower than the first estimate indicated.
First quarter Current Account data is out at the same time. Deficit narrowed down in the final quarter of last year to 18.4 billion Pounds, which is 3.6% of the Gross domestic Product.
And Lending to Individuals for May is the final report scheduled at 8:30. Lending increased more than expected in April as it jumped by 5.7 billion Pounds.
Flash Euro Zone Consumer Price Index for June follows at 9 AM. Annual inflation accelerated in May to 1.9%, moving much closer to the ECB target range.
It’s busy with North American reports at a half past noon GMT and US Personal Income and Spending for May is one of them. Income rose by point 3% in April, which was in line with expectations, but spending showed a stronger jump of point 6%.
The high importance Canadian Gross Domestic Product for April is also out at this time. Real GDP expanded by point 3% in March as 15 of 20 industrial sectors showed growth. Main contributors were mining, quarrying, oil and gas extraction sector.
Canadian Industrial Product & Raw Materials Prices for May wrap up the 12:30 data run. Both measures increased in April, but at a slower pace than anticipated.
US ISM Chicago PMI for June follows at a quarter to two. Business Barometer rose by 5.1 points to 62.7 in May, which is the highest level since January.
And last up is the Final University of Michigan Survey for June at 2 PM GMT. According to preliminary report, consumer sentiment improved slightly in early June due to consumers’ more favorable assessments of their current financial situation and more favorable views of current buying conditions for household durables.
I’m Jack Everittand that’s all for this week’s final edition of the Economic Calendar.
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