Currently, the global economy is in a period of and . Inflation remains the largest concern in most markets but has recently begun to globally with only
30
countries reporting higher inflation this month than last month.The Zoomed Out View
Aggregate charts for a better picture of what the entire global economy is experiencing. They change from time to time but we tend to highlight the current buzz from a zoomed out view.Upcoming Economic Releases
All of the events below are considered high impact.| Country | Event | Actual | Estimate | Previous | |
|---|---|---|---|---|---|
| Monday, May 22nd | |||||
| 🇦🇺 | Australia | Judo Bank Manufacturing PMI (May) | 48 | 47.6 | 48 |
| 🇦🇺 | Australia | Judo Bank Services PMI (May) | 51.8 | 54.1 | 53.7 |
| Tuesday, May 23rd | |||||
| 🇩🇪 | Germany | S&P Global Services PMI (May) | 57.8 | 55.5 | 56 |
| 🇩🇪 | Germany | S&P Global Manufacturing PMI (May) | 42.9 | 45 | 44.5 |
| 🇪🇺 | European Union | S&P Global Services PMI (May) | 55.9 | 55.6 | 56.2 |
| 🇪🇺 | European Union | S&P Global Manufacturing PMI (May) | 44.6 | 46.2 | 45.8 |
| 🇬🇧 | United Kingdom | S&P Global/CIPS Manufacturing PMI (May) | 46.9 | 48 | 47.8 |
| 🇬🇧 | United Kingdom | S&P Global/CIPS UK Services PMI (May) | 55.1 | 55.5 | 55.9 |
| 🇺🇸 | United States | S&P Global Services PMI (May) | 55.1 | 52.6 | 53.6 |
| 🇺🇸 | United States | S&P Global Manufacturing PMI (May) | 48.5 | 50 | 50.2 |
| 🇺🇸 | United States | New Home Sales MoM (Apr) | 4.1 | -2 | 4 |
| 🇺🇸 | United States | New Home Sales (Apr) | 0.683 | 0.665 | 0.656 |
| 🇳🇿 | New Zealand | Retail Sales YoY (Q1) | -4.1 | 3.6 | -4 |
| 🇳🇿 | New Zealand | Retail Sales QoQ (Q1) | -1.4 | 0.2 | -1 |
| Wednesday, May 24th | |||||
| 🇬🇧 | United Kingdom | Inflation Rate YoY (Apr) | 8.7 | 8.2 | 10.1 |
| 🇩🇪 | Germany | Ifo Business Climate (May) | 91.7 | 93 | 93.4 |
| 🇺🇸 | United States | FOMC Minutes | |||
| Thursday, May 25th | |||||
| 🇩🇪 | Germany | GfK Consumer Confidence (Jun) | -24.2 | -24 | -25.8 |
| 🇪🇺 | European Union | ECB Guindos Speech | |||
| 🇺🇸 | United States | Jobless Claims 4-week Average (May/20) | 231.75 | 258.97 | 231.75 |
| 🇺🇸 | United States | Initial Jobless Claims (May/20) | 229 | 245 | 225 |
| 🇺🇸 | United States | Continuing Jobless Claims (May/13) | 1794 | 1800 | 1799 |
| Friday, May 26th | |||||
| 🇦🇺 | Australia | Retail Sales MoM (Apr) | 0.2 | 0.4 | |
| 🇬🇧 | United Kingdom | Retail Sales ex Fuel MoM (Apr) | 0.3 | -1 | |
| 🇬🇧 | United Kingdom | Retail Sales ex Fuel YoY (Apr) | -2.8 | -3.2 | |
| 🇬🇧 | United Kingdom | Retail Sales YoY (Apr) | -2.8 | -3.1 | |
| 🇬🇧 | United Kingdom | Retail Sales MoM (Apr) | 0.3 | -0.9 | |
| 🇦🇹 | Austria | Bank Austria Manufacturing PMI (May) | 43 | 42 | |
| 🇺🇸 | United States | Personal Income MoM (Apr) | 0.4 | 0.3 | |
| 🇺🇸 | United States | Core PCE Price Index MoM (Apr) | 0.3 | 0.3 | |
| 🇺🇸 | United States | Durable Goods Orders MoM (Apr) | -1 | 3.2 | |
| 🇺🇸 | United States | Durable Goods Orders ex Defense MoM (Apr) | -1.5 | 3.5 | |
| 🇺🇸 | United States | Durable Goods Orders Ex Transp MoM (Apr) | -0.1 | 0.3 | |
| 🇺🇸 | United States | Personal Spending MoM (Apr) | 0.4 | 0 | |
| 🇺🇸 | United States | Goods Trade Balance (Apr) | -85.7 | -84.6 | |
| 🇺🇸 | United States | Michigan Consumer Sentiment (May) | 57.7 | 63.5 | |
Don't let the economy surprise you.
Economic releases, key earnings, speeches, weather, and other market moving events for the week ahead are highlighted in our weekly Sunday note.
