Key economic releases this week – Rabobank

The research team at Rabobank lists down the key economic releases for this week.

Key Quotes

“Apart from watching closely developments in geopolitics, the market will be looking for fresh clues about the US economy in data scheduled this week. The most important data will be released on Friday when retail sales are expected to fall 0.1% in March to end a fairly disappointing quarter for consumer spending. Also on Good Friday, the US will release inflation for March seen edging lower to 2.6% y/y from 2.7% y/y in February.”

“Throughout this week we will hear from various Fed speakers, starting with Chair Yellen today.”

“In the Eurozone, Germany will publish the ZEW survey on Tuesday. An improvement to 14.5 in April from 12.8 in March is anticipated for the expectations index with the current situation index seen rising marginally to 77.5 from 77.3 previously.”

“Also on Tuesday, industrial production in the Eurozone probably increased to 1.9% y/y in February from 0.6% y/y in January driven by the sharp rise in Germany.”

“In the UK, after accelerating sharply to 2.3% y/y February, inflation is expected to remain unchanged in March when the data is released on Tuesday.”

“Elsewhere, Rabobank’s Mauricio Oreng expects Brazil’s central bank to cut the benchmark rate by 100bps to 11.25% on Wednesday due to an ongoing deceleration in inflation.”