August 20 – August 25, 2023 Economic report and policy meetings
August 20
New Zealand: Balance of Trade – July
Thailand – GDP Growth Rate (QoQ) – 2nd Qtr., GDP Growth Rate (YoY) – 2nd Qtr
August 21
Canada: New Housing Price Index (YoY) - July
Euro-Zone: Spain: Consumer Confidence – July
South Africa: BRICS Summit
South Korea: Consumer Confidence – August
Switzerland: Balance of Trade - July
U.K.: Public Sector Net Borrowing- July
U.S.: 3-Month and 6-Month Bill Auction
August 22
Australia: Judo Bank Manufacturing Purchasing Managers Index (PMI) Flash – August, Judo Bank Services PMI Flash – August
Netherlands: Consumer Confidence – August
New Zealand: Retail Sales (QoQ) – 2nd Qtr.
South Africa: BRICS Summit
South Korea: Business Confidence – August
U.S.: Existing Home Sales (MoM) – July, Federal Reserve’s Barkin Speech, Federal Reserve’s Bowman Speech, Federal Reserve’s Goolsbee Speech
August 23
Canada: Retail Sales (MoM) – June
Euro-Zone: HCOB Manufacturing Purchasing Managers Index (PMI) Flash – August, HCOB Services PMI Flash – August, France: HCOB Manufacturing Purchasing Managers Index (PMI) Flash – August, HCOB Services PMI Flash – August, Germany: HCOB Manufacturing Purchasing Managers Index (PMI) Flash – August, HCOB Services PMI Flash – August, Euro-Zone: Consumer Confidence Flash – August, New Home Sales (MoM) – July, France: Business Confidence – August
Japan: Foreign Bond Investment – August 19th
South Africa: Inflation Rate (MoM) – July, Inflation Rate (YoY) – July, BRICS Summit
South Korea: Interest Rate Decision
U.K.: S&P Global/CIPS Manufacturing Purchasing Managers Index (PMI) Flash – August, S&P Global /CIPS Services PMI Flash – August
U.S.: Jackson Hole Symposium, S&P Global Composite Purchasing Managers Index (PMI) Flash – August, S&P Global Manufacturing PMI Flash – August, S&P Global Services PMI Flash – August, MBA 30-Year Mortgage Rate (August 18), MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (August 18), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (August 18), Department of Energy (DOE) U.S. Crude Oil Inventories (August 18), DOE Cushing OK Crude Inventory (August 18), DOE U.S. Gasoline Inventories (August 18), DOE U.S. Distillate Inventory (August 18), DOE U.S. Refinery Utilization (August 18), DOE Crude Oil Implied Demand (August 18), Gasoline Implied Demand (August 18), Distillate Implied Demand (August 18), API Crude Oil Stock Change (August 18)
August 24
Euro-Zone: Germany: GDP Growth Rate (YoY) Final – 2nd Qtr., GDP Growth Rate (QoQ) Final – 2nd Qtr., France: Consumer Confidence
Indonesia: Interest Rate Decision
Mexico: Mid-month Inflation Rate (MoM) – August, Mid-month Inflation Rate – August, Monetary Policy Meeting Minutes
Poland: Unemployment Rate – July
U.K.: GfK Consumer Confidence - August
U.S.: Jackson Hole Symposium, Durable Goods Orders (MoM) – July, Durable Goods Excluding Transportation (MoM) – July, Chicago Federal Reserve National Activity Index – July, Continuing Jobless Claims – August 12, Initial Jobless Claims – August 19
Central bankers, policy makers, academics, and economists descend on Jackson Hole, Wyo., for Federal Reserve Bank of Kansas City’s annual economic policy symposium. Federal Reserve Chairman Jerome Powell speaks on Friday.
August 25
Euro-Zone: Germany: Ifo Business Climate – August, France: Unemployment Benefit Claims – July
Mexico: GDP Growth Rate (YoY) Final – 2nd Qtr.
U.S.: University of Michigan Consumer Sentiment Final – August, Jackson Hole Symposium, Federal Reserve’s Powell Speech, ECB President Lagarde Speech, Baker Hughes U.S. Rig Count – August 25
The University of Michigan releases the final results of its August survey of consumers on Friday. A consumer sentiment index reading of 71.2, as expected by economists surveyed by FactSet, would be essentially unchanged from July.
Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.
This is not a complete analysis of every material fact regarding any company, industry or security. The information and materials herein have been obtained from sources we consider to be reliable, but Comerica Capital Markets does not warrant, or guarantee, its completeness or accuracy. Materials prepared by Comerica Capital Markets personnel are based on public information. Facts and views presented in this material have not been reviewed by, and may not reflect information known to, professionals in other business areas of Comerica Capital Markets, including investment banking personnel.
The views expressed are those of the author at the time of writing and are subject to change without notice. We do not assume any liability for losses that may result from the reliance by any person upon any such information or opinions. This material has been distributed for general educational/informational purposes only and should not be considered as investment advice or a recommendation for any particular security, strategy or investment product, or as personalized investment advice.
