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6 October 2023,01:24

Weekly Outlook

A Week For Insights Into The Major Country’s Inflation

6 October 2023, 01:24

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The Week Ahead: Week of 9 October (GMT+3)

Wednesday, 11 October, 09:00 – EU German CPI (MoM) (Sep)

In August, there was a 0.3% month-on-month increase in German consumer prices. The economy is expected to contract in the third quarter and show only modest growth in the fourth.

Wednesday, 11 October, 15:30 – US PPI (MoM) (Sep)

In August, the producer price index (PPI) rose by 0.7%, surpassing the estimated 0.4% increase. Inflation remains a concern for U.S. households, but the recent slowdown can be a key consideration for the Federal Reserve, which has implemented 11 interest rate hikes.

Thursday, 12 October, 09:00 – UK GDP (MoM) (Aug)

In July, British economic output unexpectedly shrank from 0.5% to -0.5%. This decline was primarily influenced by downturns in crucial sectors like services, manufacturing, and construction. Economists cautioned that the nation might already be entering a recession.

Thursday, 12 October, 15:30 – US CPI (MoM) (Sep)

In August, the US Consumer Price Index (CPI) recorded its most substantial monthly increase of 0.6% in 2023, prompting Federal Reserve officials to signal a more hawkish stance regarding future interest rate hikes.

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