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Producer Price Index. Australia, 03:30 (GMT+2) 02 Aug

02Aug.202402:30

Producer Price Index. Australia, 03:30 (GMT+2)

At 03:30 (GMT+2), data on the Australian producer price index for the second quarter of 2024 will be published. It is one of the main indicators of inflation in the country, which records changes in prices for goods and services sold by manufacturers. The indicator also reflects the change in the cost of their production. It is expected to increase from 0.9% to 1.0% YoY.

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ISM Manufacturing PMI. USA, 16:00 (GMT+2)
01 Aug. 2024 15:00
ISM Manufacturing PMI. USA, 16:00 (GMT+2)

At 16:00 (GMT+2), the US will publish the July data on the ISM Manufacturing Business Activity Index. The indicator reflects the state of business activity in the national manufacturing industry based on a survey of purchasing and supply managers of leading national enterprises in all industries. At the same time, their attitude to the current economic situation and prospects for its further development is assessed. A correction from 48.5 points to 49.0 points is expected, which, in turn, will allow the American dollar to strengthen its position.

Consumer Price Index. Switzerland, 08:30 (GMT+2)
02 Aug. 2024 07:30
Consumer Price Index. Switzerland, 08:30 (GMT+2)

At 08:30 (GMT+2), July consumer price index data will be presented in Switzerland. It is the main indicator of inflation in the country and determines the change in the level of retail prices for a particular "basket" of goods and services: food, transport, utilities, healthcare, and so on. The index has a significant impact on the monetary policy decisions of the Swiss National Bank. It is expected to grow from 1.3% to 1.4% YoY and decrease from 0.0% to -0.2% MoM.

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