Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Singapore November industrial output surge is seen at six-month minimum
In November, Singapore's industrial output managed to expand at the slowest year-on-year tempo for six months, as a Reuters survey disclosed, showing a high base effect from 2016 and also indicating a tempering in fourth-quarter economic surge.
In November, the country’s manufacturing output tacked on 9% from 2016, according to the median estimate in a Reuters survey of 11 market experts, slowing from October's expansion of 14.6%.
It would be the slowest year-on-year leap since May, when industrial output surged 4.6%.
On a month-on-month as well as seasonally adjusted basis, manufacturing output is ascending 0.7% that would be the same as the surge pace observed in October.
During the third quarter, Singapore’s economy rallied 5.2% from 2016, which is the fastest tempo in almost four years, due to a boom in manufacturing, which some analysts tell will provoke tighter monetary policy next year.
Similar
Will oil change the trend after OPEC meetings?
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.
What Happens to EUR?
On April 22, 2022, from 10:15 to 11:00 MT time, the Markit will release German and French flash services and manufacturing PMI.
Latest news
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
