Gross domestic product. Canada, 14:30 (GMT+2) 31 Jul

31Jul.202413:30

Gross domestic product. Canada, 14:30 (GMT+2)

At 14:30 (GMT+2), data on Canada’s gross domestic product (GDP) is due. It is the main indicator reflecting the state of the national economy and taking into account domestic consumption, investment, government spending, and exports. It may decrease from 0.3% to 0.2% MoM.

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31 Jul. 2024 10:00

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

At 11:00 (GMT+2), data on the consumer price index of the EU countries is due. It is the main indicator of the inflation rate, which determines the change in retail prices for a certain basket of goods and services: food, transport, utilities, health care, etc. and as a significant impact on the financial regulator’s decision in the monetary policy. It may stay at 0.2% MoM, and fall from 2.5% to 2.4% YoY, while the core value may change from 0.4% to 0.3% MoM and from 2.9% to 2.8% YoY.

31 Jul. 2024 13:15

ADP nonfarm payrolls. USA, 14:15 (GMT+2)

At 14:15 (GMT+2), the US will publish the Automatic Data Processing (ADP) Nonfarm Payrolls data for July. It reflects changes in the number of jobs in the nonfarm sector based on a survey of about 400K business sources. The indicator is considered a leading indicator for the federal employment data. The value may change from 150.0K to 166.0K.

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