Business
Key Economic Events to Watch in the Upcoming Week: November 13-19, 2024
As we move into the second half of November 2024, several key economic events are set to influence market movements and provide insights into the global economic landscape. Here are some of the most significant events to watch in the upcoming week.
On November 15, China will release a series of critical economic indicators, including the House Price Index YoY (October), Unemployment Rate (October), Retail Sales YoY (October), and Industrial Production YoY (October). These metrics will offer a comprehensive view of China’s economic health, with forecasts indicating a mixed performance[2].
In the United States, the NY Empire State Manufacturing Index for November, Retail Sales MoM (October), and Industrial Production MoM (October) will be released on November 15. These indicators are expected to provide insights into the manufacturing sector and consumer spending, with consensus forecasts suggesting a moderate growth in retail sales but a decline in industrial production[2].
The UK will also release important data on November 15, including GDP MoM (September), GDP 3-Month Avg (September), and GDP Growth Rate YoY (Q3). These figures will help assess the UK’s economic recovery and growth trajectory[2].
Additionally, speeches by key central bankers, such as the ECB‘s Lane and Schnabel, are scheduled for November 15 and 17. These speeches can provide market-moving insights into monetary policy and economic outlooks.
The week will also see the release of other significant economic indicators, including the PBoC 1-Year MLF Announcement, Canada‘s Manufacturing Sales MoM (September), and the US Business Inventories MoM. These releases will further flesh out the economic picture for various regions[2].
Investors and analysts will closely monitor these events as they can significantly impact market sentiment and investment decisions. Following these economic events is crucial for making informed investment strategies and anticipating market movements[4].
