Today we get a lot of US data. The two early releases of regional PMIs for August - Empire and Philly Fed - will be watched for signals about where ISM should go from here after last month's increase.
US CPI figures are expected to show that price increases are modest with both headline and core CPI increasing 0.2% m/m in July. According to FT a low reading could pose a risk to QE tapering. The FOMC statement from July noted that 'inflation persistently below its 2 percent objective could pose risks to economic performance'.
We expect US industrial production to post a 0.2% m/m increase in July - slightly below consensus expectations.
The NAHB housing market index is expected to decline slightly after several months of increase. Housing activity data have been slightly weaker recently.
In Germany Chancellor Angela Merkel continues her campaign rallies before the 22 September federal elections. Yesterday she started off by embracing the end of recession in the euro area, though she said growth must not be based on debt, see Bloomberg.
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Danske Daily: Lots Of U.S. Data On Tap
Published 08/15/2013, 07:50 AM
Updated 05/14/2017, 06:45 AM
Danske Daily: Lots Of U.S. Data On Tap
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