Economic calendar: US retail sales to draw attention


  • US retails sales reading is expected to be the most important one on Friday
  • Preliminary UoM reading on consumer confidence
  • Some readings from the Polish economy

8:00 am BST - Inflation from Spain for August

8:00 am BST - Industrial production and C/A balance from Turkey for July

8:30 am BST - GDP from Sweden for Q2 (final)

9:00 am BST - C/A balance from the Czech Republic for July

9:00 am BST - Inflation from Poland for August: It’ll be the final reading, and no changes are expected to arise. As a result, headline price growth ought to be confirmed at 2.8% YoY. Being equipped with the details from the Statistics Poland, we’ll be able to calculate core price growth which right now, based on the preliminary dat, we estimate at 2% YoY. 

10:00 am BST - Trade balance from EMU for July

1:00 pm BST - C/A balance from Poland for July: The consensus indicates at a 295 million EUR shortfall for the month, though we expect a wider shortfall. 

1:30 pm BST - Retail sales from the US for August: Macroeconomic data from the United States have been overshadowed of late by the Fed’s current notion as the central bank seems to be on autopilot to keep cutting rates, downplaying stronger data on inflation we’ve got recently. The consensus points to a 0.2% MoM increase for headline sales, while ex-auto sales are forecast to have risen by 0.1% MoM. Sales in the control group is expected to have jumped by 0.3% MoM. 

3:00 pm BST - UoM from the US for September (preliminary): Expectations suggest we should see a tiny improvement to 90.8 from 89.8 with both current conditions and expectations indices projected to have rebounded.

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