
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
In Germany, negotiated wages inched up by 2.8% on average during the first quarter compared with the same period the previous year, as data disclosed on Tuesday, spurring hopes that household spending will probably remain a major driver of surge in the EU’s major economy.
As reported by the Statistics Office, negotiated wages include collectively agreed basic pay and also one-off payments, back payments from wage deals and annual bonuses.
The 2.8% leap in the first quarter appeared to be above the long-term average of 2.5% for the last 20 quarters and it also marked an acceleration in wage surge from a 2.2% soar in the final quarter of the previous year, as the office informed.
Negotiated wages tacked on more steeply than consumer prices that soared by 1.9% during the same period, as the data revealed, suggesting that consumers have more money to spend notwithstanding growing inflation.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
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 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.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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