Daily Economic Calendar – May 11, 2017

Bank of England releases its latest inflation report on Thursday, so let’s take a closer look.
Swiss Consumer Price Index for April comes at 7:15 AM. The annual inflation rate has stood in the positive territory for the past 3 months.
Two news releases regarding the UK economy in March follow at half past 8, and Trade Balance is one of them. Trade deficit widened in February in light of growing imports.

Industrial Production continued to decline in February as a strong growth in manufacturing was reversed by declines in other subsectors.
So the Bank of England Monetary Policy Statement, along with the Inflation Report, is out at 11. The report is worth a closer look as, for a change, the challenge facing the policy makers may be a high inflation rate.
UK NIESR Monthly GDP Estimate for April will be available at noon. The previous report covered the first quarter and showed a steady point 5% growth.
A known market mover, the weekly update on US Jobless Claims, follows at 12:30 PM GMT. The report has been a solid performer, but the latest data still surprised on the upside as preliminary claims dropped by 19 thousand during the week ending April 29. The continuing claims also went down and now stand at their lowest level in 17 years.
US Producer Price Index for April is out at the same time. The Index inched lower in March, mainly due to a decline in final demand goods and services prices.
And Canadian New Housing Price Index for March comes at this time as well. The Index actually grew more than expected in February, pointing to an improvement in the market.
Finally, there’s the New Zealand Performance of Manufacturing Index for April, which is scheduled at 10:30. The Index continued growing in March, reaching its highest level in more than a year.