Home Agenda Coming Up - Revised USA Q1 GDP and BoC to Hold Rates

Coming Up – Revised USA Q1 GDP and BoC to Hold Rates

Stockholm (Ekonamik) – The main event this coming week will be the publication of the the second estimate of USA GDP growth for the first quarter of 2019. The advance estimate of this data point suggested GDP had grown by 3.2% in the first quarter, according to the USA BEA.

Amid central banks, only the BoC will meet this week, but rates are to be left constant at 1.75%, according to BMO.

Other data releases that will grab our attention include GDP in Brazil, Canada, France, India, Italy and Turkey. Last week’s Composite PMIs were not particularly encouraging for French GDP. Inflation in France, Germany, Italy and Spain will also be published this week as will unemployment reports in France, Germany and Mexico. More marginally, forecasting and nowcasting modellers will probably keep an eye out for a host of business and consumer confidence that will be published this week.

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27/05/2019MondayECB Speech (Coeure)
BoJ Speech (Kuroda)
Labour Market Report (France) (April)
Current Account Balance (Brazil) (April)
Bond Issuance (Lithuania, Romania)
28/05/2019TuesdayConsumer Confidence (€Z, France, Germany, USA) (May)
Business Confidence (€Z, South Korea, Spain)
Unemployment rate (Mexico) (April)
Bond Issuance (Germany, Italy, USA)
29/05/2019WednesdayBoC Monetary Policy Meeting (Canada)
ECB Speech (Mersch)
Unemployment rate (Germany) (May)
GDP Growth (France) (2019Q1) (Final)
CPI Inflation (France) (May) (Prel)
Consumer Confidence (Italy) (May)
Business Confidence (Italy) (May)
Bond Issuance (Germany, USA)
30/05/2019ThursdayGDP Growth (USA) (2019Q2) (Est)
GDP Growth (Brazil) (2019Q1)
CPI Inflation Rate (Spain) (May)
Fed Speech (Clarida)
BoC Speech (Wilkins)
Bond Issuance (Hungary, Italy)
FridayGDP Growth (Canada, India, Italy, Turkey) (2019Q1)
CPI Inflation (Germany, Italy) (May)
Consumer Confidence (UK) (May)


Editor’s note: Originally, we mistakenly reported that the first estimate of 2nd Quarter GDP for the USA would be published this week. This was wrong. The relevant publication was the one discussed above. The mistake was entirely ours and should not be construed as the result of an error from the USA BEA.



Filipe Wallin Albuquerque
Filipe Wallin Albuquerque
Filipe is an economist with 8 years of experience in macroeconomic and financial analysis for the Economist Intelligence Unit, the UN World Institute for Development Economic Research, the Stockholm School of Economics and the School of Oriental and African Studies. Filipe holds a MSc in European Political Economy from the LSE and a MSc in Economics from the University of London, where he currently is a PhD candidate.

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