Tuesday 20 March 2018

CSO data releases this week will cast light on economy

Ladbrokes will release its interim report tomorrow along with an update on its planned merger with Coral
Ladbrokes will release its interim report tomorrow along with an update on its planned merger with Coral
Independent.ie Newsdesk

Independent.ie Newsdesk

There'll be a lot of interest this week in a number of sets of figures set to be released by the Central Statistics Office.

It kicks off tomorrow, with the CSO issuing data for the number of vehicles licensed for the first time in July.

Last week, the Society of the Irish Motor Industry trade body already published details from the trade for July, with 27,633 new cars registered, up almost 48pc on July last year.

So far this year, nearly 110,000 new cars have been registered in Ireland - the first time the number has topped 100,000 since 2008.

Tomorrow, the CSO also releases its agriculture prices indices for June, while on Thursday it will publish details of the consumer price index for July, and trade statistics for May.

Friday sees the release of goods exports and imports data, and a road freight transport survey.

It's quiet on the corporate side in Ireland this week. Irish Residential Properties REIT is the only ISEQ company with results, issuing interims today.

But in the UK, betting group Ladbrokes will release interims tomorrow, with an update certain on its planned merger with Coral, and probably further details of its troubled Irish arm, which is due to exit examinership.

On Thursday in the UK, recruitment firm Michael Page releases interims - figures that will be closely watched by investors in quoted Irish recruitment business CPL Resources. CPL issues full-year results on September 3.

It will be busy in the United States, however. Over 100 companies are expected to release earnings results today, while later this week firms including King Digital Entertainment, the maker of the popular Candy Crush game, issue numbers.

The company is headquartered in Dublin. Its second-quarter results are expected to show earnings per share of 43 US cents, compared to 59 cents in the second quarter a year earlier.

Computer maker Lenovo will release first quarter results too, while retailer JC Penny will issue first quarter results. The company is expected to report a loss of about 50 US cent per share for the period.

There'll also be other important statistics released on both sides of the Atlantic this week.

Today, the Sentix index of European investor confidence is released, while troubled Greece releases industrial production data.

In the previous month, Greece saw industrial production fall 4pc.

Tomorrow, the ZEW Economic Sentiment survey will give an idea of the health of the Eurozone, while Eurozone industrial production data for June will be released on Wednesday.

On Thursday in the United States, eyes will turn to retail sales data for June, while the country will also release figures for continuing jobless claims.

Seasonally adjusted, second-quarter gross domestic product figures for the Eurozone will be released on Friday, with a quarter-on-quarter rise of 0.4pc expected.

Friday will also see the United States release numbers for industrial production in July. It's expected to have climbed by 0.3pc compared to June.

Also on Friday, the Central Bank will issue securities issues statistics for June, and also retail interest rate statistics for June.

Irish Independent

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