ECB – Retail Sales – Unemployment Claims – Producer Price Index
ECB raises key interest rate by 25 basis points to 4.5%, open to further hikes.
According to Lagarde’s statements:
Inflation risks include potential energy and food costs due to the Russia-Ukraine conflict.
Downside risks to growth include broader geopolitical tensions. Outlook for growth and inflation remains highly uncertain.
Economic conditions vary by sector, with weakening manufacturing and continued robust services.
Euro economy stagnating recently, but expected to strengthen as inflation eases and supply disruptions continue to decline.
Retail sales in the USA
Core retail sales measure the change in total sales value at the retail level in the U.S., excluding automobile sales.
It is an important indicator of consumer spending and is also considered a pace gauge for the U.S. economy.
|Core retail sales||0,6%||0,4%||0,7%|
Initial claims for unemployment benefits
The number of initial claims for unemployment benefits measures the number of people who filed for unemployment benefits for the first time during the previous week.
This is the earliest U.S. economic data, but the impact on the market varies from week to week.
|Initial claims for unemployment benefits||220k||225k||217k|
Producer Price Index
The producer price index (PPI) measures the change in prices for goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the bulk of overall inflation.
|Producer Price Index||0.7%||0.4%||0.4%|