Data this week will probably show retail sales in the U.S. rose in November by the most in five months, while factory production in the U.K. grew in October for a second consecutive month. Elsewhere, the Chilean presidential election may determine whether the country’s companies boost spending, and Australia’s conservative government will probably issue its midyear fiscal review.
Data this week will probably highlight a divergence in global growth. Employers in the U.S. hired more workers in November, and the government in the U.K. may raise its economic forecast for the first time in three years. Conversely, Brazil’s economy may have contracted in the third quarter for the first time in two years.
Coming up in the global economy this week, euro-area inflation may have picked up in November from a four-year low the prior month, demand for U.S. durable goods excluding transportation equipment probably improved for the first time in four months and the Brazilian central bank will probably increase its benchmark interest rate. Elsewhere, strikes by auto and mine workers probably caused South Africa’s economy to slow last quarter, while Sweden’s rebounded after shrinking from April through June.
Coming up in the global economy this week are a meeting of euro-area finance ministers, disposable income in Russia, German business confidence and U.S. retail sales. In Australia, the head of the central bank will comment on the Australian dollar, while a decision on interest rates is due from the Chilean central bank.
Coming up in the global economy this week are readings on inflation in the U.K. and growth in the euro region, the third Communist Party plenary session in China and retail sales in Brazil. In the U.S., Janet Yellen’s confirmation hearing in her bid to become the next chairman of the Federal Reserve will take center stage.
Vacheron Constantin, the oldest Swiss watchmaker in continuous operation, plans to expand its sales network in China this year even as demand in the Asia Pacific region industrywide shows signs of easing.
The integrity of U.S. data on joblessness, one of the main measures of the strength of the economy, is at risk the longer some government agencies remain closed, according to former Labor Department officials.