The US PPI will come out on Thursday, May 12, at 15:30 MT time.
BMW expects China sales surge to hit 10% this year
BMW Group actually expects sales in China to inch up approximately 10% in 2017, while global sales will probably ascend 5%. That’s what Ian Robertson, BMW board member for sales and marketing told at the Shanghai car show on Wednesday.
When asked what surge rates he expects for BMW Group, including the Mini brand, in China in 2017, he told that the company hopes for a 10% surge.
Additionally, Robertson stressed he expected pricing to remain intact in China in 2017 because the car maker is preparing to produce a sixth model locally.
BMW along with its Chinese joint-venture partner BMW Brilliance Automotive Ltd, is currently busy with ramping up output of its brand new 5 series sedan, having started Chinese assembly of the BMW X1 compact sports utility car as well as a 1-series sedan.
BMW doesn’t need for extra joint venture partners to ramp up sales expansion, as Robertson emphasized.
Robertson added he expected the Chinese government to tone down plans for introducing a quota for electric vehicles in 2018.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.