The Week Ahead - Focusing on economic events for major economies during May 15 - 19


Kim Ming Lam


May 12, 2023



Min Read

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the week of May 15 - 19:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We are focusing on major economies worldwide, e.g. the U.S., Canada, China, Australia, the Eurozone: 

U.S. Retail Sales data give a general indication on how the general public are doing financially. 

According to Trading Central's "Economic Insight", data to be released on Tuesday (May 16) may show that Retail Sales grew 0.7% on month in April (vs -0.6% in March). 

In the past 12 U.S. Retail Sales reports, EUR/USD fell in 58% of times (7 out of 12 reports) within one hour from the report’s release, marking a trading range of 47.12 pips on average.

Other key economic data include:

Monday (May 15)

Japan's Producer Prices growth may slow to 6.5% on year in April.

U.S. New York State Manufacturing Index is expected to decline to 8.0 in May.

Tuesday (May 16)

China's Industrial Production is expected to grow 9.8% on year in April.

U.K. Unemployment Rate should stand at 3.8% in March.

Germany’s ZEW Economic Sentiment Index is expected to tick up to 7 in March.

U.S. Retail Sales may grow 0.7% on month in April.

U.S. Industrial Production could dip 0.1% on month in April.

Canada’s Inflation Rate is expected to slow to 3.9% on year in April.

Wednesday (May 17)

Japan's First-Quarter GDP is expected to grow at an annualized rate of 1.1% on quarter.

U.S. Building Permits are expected to increase 0.2% on month in April.

U.S. Housing Starts may drop 1.5% on month in April.

Thursday (May 18)

Australia's Unemployment Rate could be stable at 3.5% in April.

Japan's Trade Deficit may narrow to 690 billion yen in April.

U.S. Initial Jobless Claims are expected to tick up to 270,000.

U.S. Philadelphia Fed Manufacturing Index may improve to -22.0 in May.

Canada’s New Housing Price Index may dip 0.1% on month in April.

Friday (May 19)

Japan's Inflation Rate may remain steady at 3.2% on year in April.

U.K. GfK Consumer Confidence Index may deteriorate to -32 in May.

Germany Producer Prices growth should slow to 6.1% on year in April.

Canada’s Retail Sales are expected to decline 0.3% on month in March.

Happy Trading!

Source: Trading Central Economic Insight

Kim Ming Lam

Head of APAC Research
Ming graduated from Hong Kong University with a Bachelor's degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.
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