Retail sales. USA, 14:30 (GMT+2) 16 May

16May.202313:30

Retail sales. USA, 14:30 (GMT+2)

At 14:30 (GMT+2), April retail sales data will be released in the US. The indicator records the volume of all goods sold by retailers, based on a sample of retail stores. It is an important consumer spending, having a significant impact on the gross domestic product. It is expected that the April volume will grow from –0.6% to 0.7% and the core value from –0.4% to 0.4%, which, in turn, may support the quotes of the US currency.

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16 May. 2023 10:00

Gross domestic product. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), preliminary Q1 data on the gross domestic product (GDP) of the EU countries will be released. It is the main indicator reflecting the state of the national economy, which considers domestic consumption, investment, government spending, and exports. It is expected that the indicator will decrease from 0.3% to 0.1% QoQ and will remain at 1.3% YoY.

16 May. 2023 13:30

Consumer price index. Canada, 14:30 (GMT+2)

At 14:30 (GMT+2), April data on the consumer price index in Canada will be released. It is the main indicator of inflation in the country and determines the change in retail prices for a certain “basket” of goods and services (food, transport, utilities, healthcare, etc.), and also has a significant impact on the decisions of the authorities on monetary policy. The index is expected to fall from 4.3% to 4.1% YoY and from 0.5% to 0.4% MoM, while the core value will correct from 4.3% to 4.4% YoY.

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