- Home
- >
- Fundamental Analysis
- >
- The most important events on the economic calendar next week
The most important events on the economic calendar next week
Rating:
Loading...German IFO business climate index, the GDP of the US and UK, US consumer confidence, durable goods, requests for unemployment benefits. These are the main events on the economic calendar next week
Eurozone German Ifo Business Climate: Tuesday, 11:00. Volkswagen scandal barely affected German business optimism in October. Index for German industry and trade rose slightly to 108.2 points from 108.5 points in September. Nevertheless, the business outlook, continued to grow from 103.3 in September to 103.8 in October, the highest level since June last year. Business sentiment is expected to reach 108.3 this time.
Data on US GDP: Tuesday, 15:30. The US economy expanded more than initially estimated in the second quarter of 2015. According to the second estimate, GDP grew by 3.7%, beating forecasts for growth of 2.3%. Economists expect GDP growth to reach 2.0% in the third quarter.
US Consumer Confidence: Tuesday, 17:00. US consumer confidence deteriorated in October, reaching a three-month low of 97.6. US consumer confidence is expected to rise to 99.3 in November.
US orders for durable goods: Wednesday, 15:30. Orders for durable goods continued to weaken in September for the fourth time in five months, the decline was 1.2% from -2.0% in August. Analysts expect orders for durable goods reach peak growth of 1.6% in October, while core orders are expected to rise by 0.5%.
US applications for unemployment benefits: Wednesday, 15:30. The number of Americans applying for unemployment benefits fell last week by 5,000 to 271,000, indicating a strong labor market. Claims have remained below 300,000 for 37 consecutive weeks, the longest period of years. Economists expect payrolls to increase by at least 200,000 in November, which would reassure the Federal Reserve to increase its short-term interest rates at the meeting on December 15 to 16. The number of jobless claims is expected to reach 273,000 this week.
Data for UK GDP: Friday, 11:30. Economic growth in the UK for the second quarter was unchanged from 0.7%. UK economy is expected to grow by 0.5% in the third quarter at the second evaluation
E.Dimitrov JrTrader
Varchev Traders If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
