Building permits. USA, 14:30 (GMT+2) 17 May

17May.202313:30

Building permits. USA, 14:30 (GMT+2)

At 14:30 (GMT+2) in the US, data on the number of building permits issued in April will be published. The indicator consolidates the change in the number of applications issued by the US government for the construction of real estate and is one of the most important indicators of the construction sector. It is expected that the April value will grow from 1.430M to 1.437M, which may support the US dollar.

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17 May. 2023 10:00

Consumer price index. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), April data on the consumer price index in the euro area will be released. It is the main indicator of inflation in the region which determines the change in retail prices for a certain “basket” of goods and services: food, transport, utilities, and healthcare, having a significant impact on the decisions of the authorities on monetary policy. The consumer price index is expected to correct from 6.9% to 7.0% YoY and from 0.9% to 0.7% MoM, while the core value will decrease from 1.3% to 1.0% MoM and from 5.7% to 5.6% YoY.

17 May. 2023 13:30

Housing starts. USA, 14:30 (GMT+2)

At 14:30 (GMT+2), April data on the number of new homes, the construction of which began in the reporting month, will be released in the US. It is one of the most important indicators of the American construction market. It is expected that the value will decrease from 1.420M to 1.400M. The implementation of the forecast may put pressure on the American currency.

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