Here are some important economic data that will be the focus of the market throughout the week.
German Industrial Production Data (Monday 3.00 PM): As the largest economy in Europe, industrial production in Germany is the focus as one of the indicators for investors to assess the current economic health through the production sector. The data published for December 2020 is expected to be slightly lower than the previous reading.
China Inflation Data (Wednesday 9.30 AM): Economic data in China is also valued by the market as the second largest economy in the world after the United States (US). The inflation rate in China in January 2021 is forecast to decline to -0.2%.
German Inflation Data (Wednesday 3.00 PM): The German inflation rate was seen to be weak at the end of 2020 but recovered in December by 0.5%. The increase continued in January to 0.8% with the expectation that further readings will continue to be good.
US Inflation Data (Wednesday 9.30pm): Inflation rates in the US are showing a rising pattern since November last year which signals US consumer spending is recovering. The inflation reading in January was seen to be around last December.
UK Gross Domestic Product Data (Friday 3.00 PM): UK GDP growth for the last quarter of 2020 is expected to decline lower than the previous quarter due to the economy facing movement restrictions to curb the spread of pandemics.
