Monday 26 June 2017

Week 7: Inflation data pours in for central banks

Key releases on inflation for the United States, Britain and China are due this week. (Stock image)
Key releases on inflation for the United States, Britain and China are due this week. (Stock image)
Donal O'Donovan

Donal O'Donovan

Key releases on inflation for the United States, Britain and China are due this week, forecast at 2.4pc, 1.9pc and 2.4pc respectively, according to Reuters polls.

The worry is that those levels reflect rising costs, particularly energy costs rather than buoyant labour or production markets.

It makes for a tough call by central bankers, notably ECB President Mario Draghi, who have kept interest rates at historic lows to stimulate growth.

In the US, the Trump administration is due to announce plans for sweeping tax cuts - potentially within weeks. At home, Ulster Bank's Construction Sector PMI today shows activity continued to rise sharply in January on the back of higher new orders, with record numbers of jobs added.

On Wednesday, the CSO is due to report External Trade data, and the Central Bank's Consumer Protection Outlook Report for 2017 will be published.

IRes Reit, the country's biggest private landlord and a good gauge of the rental market, is due to report full-year results for 2016 on Wednesday.

Kingspan reports for 2016 on Friday.

Irish Independent

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