Here are some of the important economic data that will be the focus of the market throughout this week.
TUESDAY (January 14, 2025)
US Producer Inflation Data (9.30 PM) – The US producer price index for December is expected to remain unchanged from the previous reading. Changes in prices at the producer level could impact consumers.
WEDNESDAY (January 15, 2025)
UK Inflation Data (3.00 PM) – Inflation figures in the UK are starting to show a rising trend again at the end of 2024. The latest inflation for December is expected to remain at 2.6% after the increase recorded in November.
US Consumer Inflation Data (9.30 PM) – After last week's NFP jobs report, the Federal Reserve's focus this week is on the US consumer price index which will be an important indicator for monetary policy. Inflation is forecast to rise higher to 2.9% in December from 2.7% previously.
THURSDAY (16 January 2025)
Australian Jobs Data (8.30am) – The Australian jobs report for December 2024 is expected to be a dismal reading. Growth is forecast to slow to around 14,500 compared to 35,600 previously, while the unemployment rate is forecast to rise to 4.0% from 3.9%.
UK GDP Data (3.00pm) – Also a key indicator for the BOE after inflation data, the latest reading on monthly UK economic growth will be watched.
US Retail Sales Data (9.30pm) – After rising to 0.7% for the US retail sales rate in November, the latest reading is forecast to slow slightly to 0.6% for December.
FRIDAY (17 January 2025)
UK Retail Sales Data (3.00 PM) – UK retail sales in December are expected to increase to 0.4% compared to 0.2% in the previous reading.
