The week of September 9-13, 2024, indeed includes several significant economic events. Here's a breakdown of key economic releases that are scheduled to occur during this period:
Japan's second-quarter GDP came in at 2.9% on an annualized basis, less than the 3.2% expected by economists polled by Reuters and the advance figure of 3.1%. The Cabinet Office's revised data showed, versus economists' median forecast for a 3.2% growth and a 3.1% rise in the preliminary estimate.
Japan's economy grew at a slightly slower rate than initially reported in the second quarter, impacted by downward revisions in both corporate and household spending. These adjustments suggest a more challenging second half for consumption and could affect the central bank's plans for rate hikes.
China's Inflation Rate (Consumer Price Index, or CPI) is a key indicator that tracks the change in the price of a basket of goods and services purchased by consumers. The data for August 2024 is scheduled to be released on Monday, September 9, 2024.
European Central Bank (ECB) Interest Rate Decision: The highlight of the week. The ECB may give signals on its monetary policy stance, with large potential impacts on the euro.
US Initial Jobless Claims: A closely watched weekly indicator of the US labor market.
Friday, September 13, 2024
The Core Inflation Rate is the measure of inflation that excludes volatile components, most notably food and energy, to provide a clearer view of long-term price trends. It is a more stable gauge of inflationary pressures in the economy, helping policymakers and economists make informed decisions.
UK GDP Growth Rate Will give insights into the UK’s economic recovery. The UK GDP Growth Rate is a critical measure of the health of the British economy, reflecting the change in the value of goods and services produced over a given period. The data scheduled for release on Friday, September 13, 2024, will provide insights into the performance of the UK economy for July 2024.
The following table is important global economic data from 9 – 13 September 2024 as traders and investors are keeping an eye on GDP, inflation, EU’s rate decision, and trade data.
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