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.
|27/05/2019||Monday||ECB Speech (Coeure)|
|BoJ Speech (Kuroda)|
|Labour Market Report (France) (April)
|Current Account Balance (Brazil) (April)|
|Bond Issuance (Lithuania, Romania)
|28/05/2019||Tuesday||Consumer Confidence (€Z, France, Germany, USA) (May)|
|Business Confidence (€Z, South Korea, Spain)|
|Unemployment rate (Mexico) (April)|
|Bond Issuance (Germany, Italy, USA)|
|29/05/2019||Wednesday||BoC 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)|
|30/05/2019||Thursday||GDP Growth (USA) (2019Q2) (Est)
|GDP Growth (Brazil) (2019Q1)|
|CPI Inflation Rate (Spain) (May)|
|Fed Speech (Clarida)|
|BoC Speech (Wilkins)|
|Bond Issuance (Hungary, Italy)
|31/05/2019||Friday||GDP 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.