Synopsis: Several important economic reports are lined up across major economies in the coming days. These releases are often closely tracked by investors because they can influence market sentiment, interest rate expectations and views on the strength of global economic growth.
Investors will be keeping a close watch on the economic calendar for the rest of the month, with several important data releases scheduled across major economies. These include inflation numbers, retail sales, manufacturing activity, consumer spending and central bank updates. Together, they could provide fresh insights into the health of global economies and the direction of future policy decisions.
Inflation Data
Inflation shows how fast prices are rising in an economy. It is closely watched because it affects consumer spending, interest rate decisions and overall market sentiment.
Canada Inflation Rate YoY: June 22, 18:00 (UTC+5:30)
Canada’s inflation data will be released on June 22. Shelter is the biggest part of Canada’s CPI basket, with a 30 percent weight. Transportation follows with 17 percent, while food accounts for 16 percent.
Household operations, furnishings and equipment make up 15 percent of the basket. Recreation, education and reading account for 9 percent. Health and personal care, alcoholic beverages and tobacco products each have a 5 percent weight, while clothing and footwear account for 4 percent.
France Inflation Rate YoY Preliminary: June 30, 12:15 (UTC+5:30)
France will release its preliminary year-on-year inflation data on June 30. Services are the most important part of France’s consumer price index, with a 48 percent weight. This includes rents, water and garbage collection, health services, transport and communication.
Manufactured products account for 24 percent of the index, including medical products and clothing and footwear. Food has a 16 percent weight, energy accounts for 9 percent, and tobacco makes up 2 percent.
Germany Inflation Rate YoY Preliminary: June 30, 17:30 (UTC+5:30)
Germany’s preliminary inflation data will also be released on June 30. Housing, water, electricity, gas and other fuels are the largest part of the index, with a 32 percent weight. Transport accounts for 13 percent, while recreation, entertainment and culture make up 11 percent.
Food and non-alcoholic beverages have a 10 percent weight. The index also includes miscellaneous goods and services, household equipment, restaurants and accommodation, health, clothing and footwear. Alcoholic beverages, tobacco, communication and education form the remaining part of the index.
Manufacturing PMI Data
Manufacturing PMI shows whether factory activity is expanding or contracting. A reading above 50 indicates growth, while a reading below 50 shows contraction.
Germany S&P Global Manufacturing PMI Flash: June 23, 13:00 (UTC+5:30)
Germany’s flash manufacturing PMI will be released on June 23. The index is based on responses from purchasing managers across around 420 manufacturing companies. The PMI is calculated using new orders, output, employment, supplier delivery times and stocks of purchases. New orders carry the highest weight at 30 percent, followed by output at 25 percent and employment at 20 percent.
United Kingdom S&P Global Manufacturing PMI Flash: June 23, 14:00 (UTC+5:30)
The UK flash manufacturing PMI will also be released on June 23. The index tracks the performance of the manufacturing sector and is based on a survey of 600 industrial companies. The index uses five main components: new orders, output, employment, supplier delivery times and stock of items purchased. New orders have a 30 percent weight, output has 25 percent, employment has 20 percent, supplier delivery times have 15 percent, and stock of items purchased has 10 percent.
United States Economic Data: June 25, 18:00 (UTC+5:30)
Several major US economic indicators are scheduled to be released on June 25. These include the Core PCE Price Index MoM, Durable Goods Orders MoM, GDP Growth Rate QoQ Final, Personal Income MoM and Personal Spending MoM.
The Core PCE Price Index is closely watched because it tracks price changes in consumer spending. Personal income measures the income people receive from work, assets and transfers, after accounting for contributions to government social insurance.
Personal spending tracks how much households spend on goods and services. It is an important indicator because personal consumption expenditure is a major driver of the US economy. PCE shows how much income is being spent today and how much is being saved.
The GDP data will give a final reading of quarterly economic growth. On the expenditure side, personal consumption accounts for 68 percent of total GDP. Goods make up 23 percent, while services account for 45 percent. Private investment contributes 16 percent, government consumption and investment account for 18 percent, and net exports subtract 3 percent from GDP.
Australia RBA Meeting Minutes: June 30, 07:00 (UTC+5:30)
Australia will release the Reserve Bank of Australia’s meeting minutes on June 30. These minutes are important because they give investors more detail about the central bank’s thinking on interest rates and the economy. In Australia, interest rate decisions are taken by the Reserve Bank of Australia’s Board. The main policy rate is the cash rate, which is the rate charged on overnight loans between financial intermediaries.
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