Key announcements with high importance

Some dates for the calendar to keep an eye on.

These announcements give an indication of the UK's economic performance. We give our comments and predictions based on these below.

17th October

UK 07:00 Employment Change (July) - In the United Kingdom, employment change refers to the 3-month moving average compared to the previous period in the number of people in employment aged 16 and over.

Forecast -195K Previous - 207K

Unemployment Rate (August) - In the United Kingdom, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Forecast 4.3% Previous 4.3%

USA 13:30 Retail Sales MOM (September) - Retail sales report in the US provides aggregated measure of sales of retail goods and services over a period of a month.

There are thirteen major types of retailers:

1. Motor vehicle & parts dealers (around 20 percent of total sales)

2. Food & beverage stores (13%)

3. General merchandise stores (12.5%)

4. Food services & drinking places (11%)

5. Gasoline stations (10%)

6. Non-store retailers (9.2%)

7. Building material & garden dealers (6%)

8. Health & personal care stores (6%)

9. Clothing & clothing accessories stores (5%)

10. Miscellaneous store retailers (2.3%)

11. Furniture stores (2%)

12. Electronics & appliance stores (2%)

13. Sporting goods, hobby, book & music stores (1.7%).

Forecast 0.3% Previous 0.6%

18th October

UK 07:00 Core Inflation Rate YOY (September) - In the United Kingdom, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.

Forecast 6% Previous 6.2%

Inflation Rate YoY (September) - In United Kingdom, the most important categories in the Consumer Price Index are:

• Transport (14%)

• Housing and utilities (14%)

• Recreation and culture (13%)

• Food and non-alcoholic Beverages account for 12%

• Restaurants and hotels for 11%

• Miscellaneous Goods and services for 9%

• Furnishings, Household Equipment and routine Maintenance of the House for 8%

• Clothing and footwear for 6%

• Alcoholic Drinks, Tobacco & Narcotics (5%)

• Education (3%)

• Communication (3%)

• Health (2%)

Forecast 6.35% Previous 6.7%

USA 13:30 Building Permits Prel (September) - Building Permits refer to the approvals given by local jurisdictions before the construction of a new or existing building can legally occur. Not all areas of the United States require a permit for construction.

Forecast 1.455M Previous 1.541m

19th October

USA 17:00 Fed Chair Powell Speech - In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.

Our Thoughts

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