Producer price index. Germany, 09:00 (GMT+2) 19 May

19May.202308:00

Producer price index. Germany, 09:00 (GMT+2)

At 09:00 (GMT+2), April data on the German producer price index will be published. It is one of the most important indicators of inflation in the economy since it measures the change in prices for goods sold by manufacturers at the wholesale level. It is expected that the value will change from the current 6.7% to 4.0% YoY and from –1.4% to –0.5% MoM, which may contribute to the downward dynamics of the euro quotes.

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19 May. 2023 05:30

Service PMI. Japan, 06:30 (GMT+2)

At 06:30 (GMT+2) in Japan, the index of business activity in the service sector from the Ministry of Economy, Trade, and Industry will be published. The indicator reflects the total cost of services purchased by companies in key service industries (excluding manufacturing), and is a leading indicator to the Tankan business activity index. The value is expected to decline from 0.7% to 0.3%, which, in turn, may put pressure on the yen.

19 May. 2023 13:30

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

At 14:30 (GMT+2) in Canada, there will be March data on retail sales. The indicator captures the volume of all goods sold by retailers, based on a sample of retail stores of various types and sizes. It is an important indicator of consumer spending and has a significant impact on the gross domestic product (GDP). It is expected that the March indicator will change from –0.2% to –1.4% and the core value will fall from –0.7% to –0.8%. Implementation of the forecast may put pressure the Canadian dollar.

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