Data out this week will show how economies are performing at the start of the fourth quarter.
MondayChina’s major economic indicators are expected to have cooled further at the beginning of the fourth quarter after the pace of growth plunged in the third quarter. Economists polled by The Wall Street Journal expect October industrial production...
Data out this week will show how economies are performing at the start of the fourth quarter.
Monday
China’s major economic indicators are expected to have cooled further at the beginning of the fourth quarter after the pace of growth plunged in the third quarter. Economists polled by The Wall Street Journal expect October industrial production to have increased 2.8% from a year earlier, compared with 3.1% growth in September. Retail sales are expected to slide to 3.5% annual growth from 4.4% a month earlier, while fixed-asset investment is expected to rise 6.2% in the first 10 months of the year, slowing from 7.3% growth in the January-to-September period.
Tuesday
U.S. retail sales are expected to increase in October, pushed higher by strong household demand, a partial rebound in auto sales and accelerating inflation. A separate report out last week showed widespread and sizable increases in October consumer prices.
U.S. industrial production is expected to rebound in October. The measure of output at factories, mines and utilities suffered a setback in September as supply-chain disruptions in the auto industry and lingering effects of Hurricane Ida weighed on activity.
Wednesday
Separate measures of inflation from the U.K., eurozone and Canada will likely show building price pressures in October, fueled in part by rising energy costs, but also transportation bottlenecks and supply-and-demand mismatches that have bedeviled economies across the globe. Accelerating inflation is testing central banks around the world.
American home builders have been caught between strong demand for housing on one side and rising material costs, supply shortages and labor-market woes on the other. That has left new-home construction data choppy in recent months, though economists are forecasting a slight pickup in housing starts for October.
Thursday
U.S. applications for unemployment benefits have been falling to fresh pandemic lows in recent weeks. Economists expect that trend to continue in the week ended Nov. 13, underscoring employers’ efforts to hang onto workers in a tight labor market.
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November 15, 2021 at 03:00AM
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Economy Week Ahead: Industry, Consumers and Inflation - The Wall Street Journal
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