Newsquawk Week Ahead: US and UK retail sales, UK, NZ, Canada and Japan inflation
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Next week highlights include US and UK retail sales data, inflation reports from the UK, New Zealand, Canada and Japan, employment reports from the UK and Australia, as well as China activity data and the PBoC MLF announcement. The PBoC will conduct its Medium-term Lending Facility operation next week where the central bank will likely maintain the 1-year MLF rate at the current level of 2.50%. US headline retail sales are expected to rise +0.3% M/M in March, while the ex-autos measure is seen rising +0.4% M/M. Chinese Q1 GDP Q/Q is seen at 1.4% and GDP Y/Y is expected at 4.6%. UK unemployment rate in the 3M period is expected to hold steady at 3.9%. Canadian CPI is forecasted at 2.8% Y/Y for March. New Zealand Q1 CPI Q/Q is forecast to tick higher to 0.7% from 0.5%. UK Y/Y CPI is expected to slow to 3.1% from 3.4%. Australian headline employment is expected to print at +15.5k for March. Japanese core CPI Y/Y is expected to rise 2.6%. UK headline M/M retail sales are expected to show no growth.



https://www.forexlive.com/centralbank/newsquawk-week-ahead-us-and-uk-retail-sales-uk-nz-canada-and-japan-inflation-20240413/