Busy day for UK & US

October 18, 2016

It’s a busy day as far as announcements are concerned, particularly for the UK and the US.

Later today, the UK will be releasing a raft of data, including; CPI, PPI (Producer Price Index) Input, RPI (Retail Price Index), Core CPI, HPI (House Price Index) and PPI Output. The CPI figures are important as they reflect consumer confidence in the economy, whilst the other figures give us an indication of the strength of demand for products (from raw materials to retail products) available for purchase.

The US has less announcements coming out, but the ones they are releasing are quite important. The two headline announcements are CPI and Core CPI. They are also releasing the NAHB (National Association of Home Builders) Housing Market Index. As with the UK, the CPI figures are critical at gauging consumer confidence. With a subdued global economy, people will be looking to these figures from the world’s largest economy with great interest.

Elsewhere, Canada are releasing Manufacturing Sales figures. This is important as it reflects the general strength of the Canadian manufacturing sector.