The US PPI will come out on Thursday, May 12, at 15:30 MT time.
British starting salaries leap as Brexit vote hits staff supply
Salaries for UK employees starting in permanent jobs went up at the fastest pace since 2015. It’s because businesses found it difficult to hire staff. That’s an issue caused by Brexit, as a poll of recruitment firms revealed on Friday.
The indications of pay pressure in the Recruitment and Employment Confederation (REC) poll actually contrast with the country’s official measure of surge in earnings that has recently decreased.
In June, surge in starting salaries for permanent jobs reached a 19-month peak high, as REC informed, offering BoE policymakers a rare suggestion that wage surge in the United Kingdom will step up, as they expect.
As REC officials state, with fewer folks currently seeking jobs, employers have to lift starting salaries just to secure the talent they require.
Currently existing skills shortages are being caused by Brexit. Demand for accountants as well as other financial roles has recently soared as organizations and companies require protecting themselves against economic uncertainty.
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.