Events to Look Out for Next Week

Andria Pichidi

  • CB Consumer Confidence (USD, GMT 14:00) – Consumer confidence is expected to ease to 115.0 after a surge to a 2-year high of 117.0 in July, versus a 6-month low of 102.5 in May and a 17-month low of 95.3 in July of 2022. We expect the present situation index to fall to 157.0 from a 40-month high of 160.0, versus a 19-month low of 138.3 in November. The expectations index is expected to fall to 87.0 from an 18-month high of 88.3, versus a 9-year low of 65.3 in July of 2022. We’ve seen a modest confidence updraft since mid-2022, though all of the measures have deteriorated sharply from mid-2021 peaks.

Monday – 28 August 2023

  • United Kingdom – Bank Holiday
  • Retail Sales (AUD, GMT 01:30) – The August Retail Sales in Australia is anticipated to contract at -0.8% m/m from -0.7% m/m.

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