The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Euro zone factories struggle to meet surging demand in March
In the euro zone factories struggled to keep up with demand in March notwithstanding soaring activity at the fastest rate in almost six years, as a poll revealed. It also disclosed raising prices.
IHS Markit's fresh manufacturing Purchasing Managers' Index for the euro zone added to 56.2 in March, which is the highest value since April 2011, compared to February's 55.4. Obviously, it was in line with a flash estimate as well as far above the 50 mark, separating surge from contraction.
An index, estimating output and feeding into a composite PMI due on Wednesday, grew to a near six-year peak of 57.5 from 57.3. By the way, 57.2 was the flash estimate.
Financial analysts tell that euro zone manufacturing is definitely enjoying a sweet spell, though it’s also facing surging pains in the form of supply delays as well as ascending costs.
Additionally, the poll is also pointing out to the highest incidence of supplier delivery delays for almost six years, thus underscoring how suppliers are struggling just to meet ascending demand.
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 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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.