Trade balance. UK, 08:00 (GMT+2) 12 May

12May.202308:00

Trade balance. UK, 08:00 (GMT+2)

At 08:00 (GMT+2) in the UK, March data on trade balance will be published. The indicator reflects the difference between the amount of payments for exported and imported goods. The trade deficit is projected to slow down from the current value of –17.53B pounds to –17.50B pounds. The implementation of the forecast may still put pressure on the quotes of the national currency of the United Kingdom.

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12 May. 2023 07:00

Gross domestic product. UK, 08:00 (GMT+2)

At 08:00 (GMT+2), Q1 data on the UK gross domestic product (GDP) will be released. It is the main indicator reflecting the state of the national economy, taking into account domestic consumption, investment, government spending, and exports. It is expected that the indicator will decrease from 0.6% to 0.2% YoY and be adjusted from 0.0% to 0.1% MoM.

12 May. 2023 15:00

Michigan Consumer Sentiment. USA, 16:00 (GMT+2)

At 16:00 (GMT+2) in the US, May data on changes in the consumer confidence index from the University of Michigan will be published. The indicator is calculated monthly based on a telephone survey of at least 500 US households and captures consumer spending that is part of economic activity. The value is expected to decrease from 63.5 points to 63.0 points.

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