Economic Events Of The Coming Week – 8/28/2016

Monday: In Italy, August’s Consumer Confidence Index data will see light. July’s Personal Income and Personal Spending data will be released in the U.S. – Analysts expect spending to continue rising, at +0.3% Month over Month.

Tuesday: Labor market data will see light in Japan, with the Jobless Rate currently hitting 3.1%. In Spain, the preliminary estimate of August’s Consumer Price Index will be released, with a substantial moderation forecast by analyst for deflation, to -0.6%. In the U.K. July’s Mortgage Approvals data will see light, though it is unlikely to reflect the full impact of Brexit, as analysts forecast 61.9K approvals. The preliminary estimate for August’s Consumer Price Index will also be released in Germany. August’s Consumer Confidence Index will also be released in the U.S.

Wednesday: The preliminary estimate of July’s Industrial Production data will be released in Japan. In France, the preliminary estimate for August’s Consumer Price Index will see light, with analysts seeing annual inflation rise to 0.4%. Labor market data are due to see light in Germany.  The preliminary estimate of August’s CPI will see light in Italy. In the U.S., the weekly MBA Mortgage Applications will see light, followed by August’s ADP Employment change. August’s Chicago Purchasing Managers’ Index will also be released in the U.S.

Thursday: Final estimates for August’s Markit Manufacturing Purchasing Managers’ Index will be released globally. In the U.S., the weekly Initial Jobless Claims figure will see light. August’s ISM Manufacturing will also be released in the U.S.

Friday: In Spain, August’s Unemployment data will see light. Big day in the U.S. with the release of July’s Trade Balance data, followed by August’s Nonfarm Payrolls print. August’s Unemployment will also be released in the U.S. – analysts expect a decrease to 4.8%. July’s Factory Orders data will also see light in the U.S., as will the final Durable Goods Orders data for the month.