The forecast for the economic indicators scheduled to be announced from 5/20 to 24 is as follows.
■Scheduled to be announced at 8:50 a.m. on 22nd (Wed)
○ (Sun) April trade balance - forecast - 373.5 billion yen
The trade balance for early to mid-April, which is a reference, is -850 billion yen. The deficit decreased slightly compared to the same period last year. Since the trade balance for April of the previous year was finally 429.8 billion yen, there is a possibility that the trade balance for April this year will have a deficit of about the same extent as the previous year.
■Scheduled to be announced on Wednesday 22nd at 11:00 p.m.
○ (US) April Second-hand House Sales Volume - Expected 4.16 Million Units
The March results for reference are 4.19 million units. The fact that there was a reaction where the number of sales rapidly increased in February and the fact that mortgage interest rates remained high seem to have had an effect. As for April, loan interest rates have not shown significant movements, so there is a possibility that they will fall below the March results.
■Scheduled to be announced on Thursday 23rd at 5:00 p.m.
○ (Europe) May S&P Global Eurozone Manufacturing PMI - April Results 45.7
The April revised value for reference is 45.7. Slight improvement from preliminary figures. However, the state where no new orders have even been received continues, putting pressure on the index. As for May, new orders were sluggish as of April, so it is expected to remain around the same level as the April results.
■Scheduled to be announced at 8:30 a.m. on 24th (Friday)
○ (Sun) April National Consumer Price Core Index - forecast +2.2% compared to previous year
The March results for reference are +2.6% compared to the same month last year. The impact of the increase in raw material prices receded further, and the growth rate of the core index fell below the February results. As for April, although there are effects of the depreciation of the yen and the rise in crude oil prices, the year-on-year rate of increase is expected to fall below the March results.
○Other major economic indicators will be announced
・22nd (Wednesday): (NZ) NZ Reserve Bank Policy Interest Rate Announcement, (English) April Consumer Price Core Index
・23 (Thu): (US) May Service Industry PMI, (US) April New Home Sales
・Friday 24th: (US) April Durable Goods Order Accepted