Weekly Outlook 30.03.2021 – 05.04.2021
What do we expect the following week? You can find below the scheduled announcements and reports?
News and Comments
– At 9:00 the Unemployment Rate figure for the United Kingdom is going to be released. This is the percentage of the total workforce that is unemployed and actively seeking employment during the past 3 months. The number of unemployed people is an important signal of overall economic health.
The unemployment rate started the previous year 2020 being close to the rate of 4% but ended the year at the rate close to 5%. Overall is not bad since 5% is a desirable level for a healthy economy. It is expected to remain close, to 5.2%
– At 23:45 the Trade Balance figure for New Zealand is going to be released. This is the difference in value between imported and exported goods and services during the reported month. This is the seasonally adjusted data.
Trade balance figures for most of 2020 were positive with the highest reported on Jun 25, 2020, to 1253M. However, while approaching to 2021 figures are experiencing volatile movements, sometimes reported negative and others positive. 2021 started negative with the last figure reported at -626M.
– At 09:00, the change in the Consumer Price index figure for the United Kingdom is going to be released. This is the change in the price of goods and services purchased by consumers. It is a measure of inflation and the purchasing power of money.
The Inflation rate for the U.K. is floating below 1% since May 2020. Future expectations show levels of 0.8%.
– We have PMIs releases the whole day for the Europe, United Kingdom, and the United States. PMI is an index of the prevailing direction of economic trends in the manufacturing and service sectors. Used for decision-making such as production decisions, estimation of future demand, and so on.
Above 50.0 indicates industry expansion, below indicates contraction.
– At 16:30 the Crude Oil Inventories change figure is released. This is the change in the number of barrels of crude oil held in inventory by commercial firms during the past week.
It seems that March’s demand for Oil was quite low. The change in inventories was recorded quite high this month with an average change so far 37.80 Million.