In the week ahead, investors will be looking to Friday’s U.S. nonfarm payrolls report for March for further indications on the strength of the labor market, while Monday’s euro zone inflation report will also be in focus, ahead of the ECB policy meeting and press conference on Thursday.
Monday, March 31
Japan is to release preliminary data on industrial production. New Zealand is to produce private sector data on business confidence, while Australia is to publish data on private sector credit. Switzerland is to publish its KOF economic barometer. The U.K. is to release data on net lending to individuals. The euro zone is to produce preliminary data on consumer price inflation, which accounts for the majority of overall inflation. Canada is to publish the monthly report on gross domestic product, the broadest indicator of economic activity and the leading indicator of economic growth.
Tuesday, April 1
Japan is to publish its Tankan manufacturing and non-manufacturing index, as well as data on average cash earnings. China is to release data on manufacturing activity. The Reserve Bank of Australia is to announce its benchmark interest rate and publish its rate statement, which outlines economic conditions and the factors affecting the monetary policy decision. The euro zone is to release data on the unemployment rate. Germany is release data on the change in the number of people unemployed, while Spain and Italy are to release reports on manufacturing activity. Switzerland is to release its SVME manufacturing index. The U.K. is to release data on manufacturing activity. Later Tuesday, the Institute of Supply Management is to publish a report on U.S. manufacturing growth.
Wednesday, April 2
Australia is to produce data on building approvals, a leading indicator of future construction activity. The U.K. is to produce private sector data on house price inflation, as well as official data on construction activity. In the euro zone, Spain is release data on the change in the number of people unemployed. The U.S. is to release the ADP report on private sector job creation, which leads the government’s nonfarm payrolls report by two days. The U.S. is also to release data on factory orders.
Thursday, April 3
Australia is to release data on retail sales and the trade balance, the difference in value between imports and exports. China is to produce data on service sector activity. The euro zone is to release data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. Spain and Italy are to publish data on service sector activity. The U.K. is also to release data on service sector growth, while the Bank of England is to announce its benchmark interest rate. Later in the day, the European Central Bank is to announce its benchmark interest rate. The announcement is to be followed by a press conference with President Mario Draghi. Both the U.S. and Canada are to publish data on the trade balance, and the U.S. is also to publish the weekly report on initial jobless claims. Meanwhile, the ISM is to publish a report service sector activity.
Friday, April 4
Germany is to publish data on factory orders. Canada is to publish data on the change in the number of people employed and the unemployment rate. The nation is also to publish its Ivey PMI. The U.S. is to round up the week with the closely watched government data on nonfarm payrolls and the unemployment rate.