High Importance US Retail Sales, UK CPI on the Agenda [Video]

This Wednesday is busy with UK and US news releases, so let’s take a closer look with the Dukascopy Economic Calendar.

A couple of UK reports for July open this agenda at 8:30 in the morning, including the high importance Consumer Price Index. The overall annual inflation was unchanged in June at 2.4%, but the core measure slowed down to 1.9%.

Producer Price publication is the other item out at this time. Input prices rose by just point 2% month on month in June, while output prices were up by one tenth of a percent. Data run continues at a half past noon GMT with the high importance Advance US Retail Sales for July. Sales were up by a half a percent in June after surging by 1.3% in May.

The second quarter Preliminary US Productivity and Costs will be out at the same time. Productivity was up by point 4% in the year’s opening quarter, while costs jumped by 2.9%. Empire State Survey for August wraps up the 12:30 data run. Business activity continued to grow at a fairly brisk pace in New York State, according to firms responding to the July Survey.

The headline general business conditions index edged down to 22.6, which is still a high level, suggesting a continuation of robust growth. US data release run continues at a quarter past 1 PM, when Industrial Production for June will be published.

A couple more US items are then scheduled at 2 PM GMT – NAHB Housing Market Index for August and Business Inventories for June. US Treasury International Capital Data for June wraps up the US data run at 8 o’clock.

Then the Japanese Trade Balance for July will be available at ten to midnight. Trade balance returned to the positive territory in June to stand 721 billion Japanese Yen in the green. Australian Consumer Inflationary Expectations for August are up next at 1 o’clock in the morning.

Inflation expectations declined in July from June’s level of 4.2%. And the high importance Australian Labour Force Survey for July wraps up this calendar at 1:30 in the morning. Employment increased by a stronger than expected 50.9 thousand in June, but unemployment rate stood steady at 5.4%. I’m Jack Everitt and that’s all for Wednesday’s Economic Calendar.