
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
In June, German industrial orders went up twice as much as expected because a soar in domestic demand compensated weaker foreign appetite, as Friday’s data showed, hinting this sector of the EU’s largest economy will manage to gain traction in the nearer months.
Factories reported a 1% soar in contracts in June after in May orders for German-made goods rallied by an upwardly revised 1.1%, according to data from the Economy Ministry. It surpassed the Reuters forecast for a 0.5% growth.
The order numbers appear to be another mosaic tile in what’s an extremely upbeat picture of the German economy, as some financial experts state.
A breakdown of the June data unveiled that domestic demand tacked on by 5.1%, while foreign orders lost 2%, with orders from the euro zone sagging by 2.4%.
However, foreign orders are generally supplanting domestic demand notwithstanding Friday's data disclosed the opposite.
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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