Monday, June 16: Private Consumption
Encuesta Mensual de la Industria Manufacturera (April): This survey measures the evolution of Mexico’s manufacturing sector, considering variables like employed personnel, hours worked, and production value. It’s a crucial indicator for assessing industrial health, detecting productive trends, and anticipating employment changes within the secondary sector.
Indicador Oportuno del Consumo Privado (May): This indicator allows for the anticipation of private household consumption evolution in Mexico, based on correlated indicators. It’s relevant because private consumption significantly contributes to the GDP, enabling an assessment of overall economic dynamism and guiding economic policies.
Tuesday, June 17: Government Securities Auction and US Retail Sales
Results of Government Securities Auction: The Bank of Mexico discloses the results of government securities auctions, which is relevant for understanding demand for local debt instruments and interest rate levels of tools like Cetes. This information reflects confidence in sovereign risk, system liquidity, and the anticipated direction of interest rates.
US Retail Sales: This monthly publication by the US Census Bureau measures the total value of retail sales, excluding services. It’s a key gauge of consumer spending, which accounts for more than two-thirds of the US GDP and thus influences global economic expectations.
Wednesday, June 18: Fed Decision and Inflation Reports
Fed Policy Decision: The world’s attention will be on the US Federal Reserve’s policy announcement. The central bank will determine the appropriate level for its reference interest rate. While no adjustments are anticipated, the communication, President Jerome Powell’s press conference, and the FOMC’s economic projections are noteworthy.
Inflation in the Eurozone (May) and UK (May): These reports provide insights into price stability within the Eurozone and the United Kingdom, respectively.
OECD Inventory of Crude Oil (May): This report from the Organization for Economic Co-operation and Development (OECD) shows weekly changes in crude oil stockpiles, a critical indicator for evaluating supply-demand balance in the energy market. Its significance increases this week following Israel’s attack on Iran, raising tensions in the Middle East.
Thursday, June 19: Economic Activity
US Federal Holiday (Juneteenth):
Indicador Oportuno de la Actividad Económica en México (May): This early estimate, published by INEGI, anticipates the behavior of Mexico’s Global Activity Econometric Index (IGAE). Its relevance lies in providing an early signal about the country’s overall economic performance, aiding public policy decisions, financial analysis, and corporate planning.
New Unemployment Insurance Claims in the US: This data measures the number of people seeking economic support for the first time after losing their jobs, serving as an early indicator of labor market health that can anticipate changes in consumption, economic growth, and monetary policy.
Decision of Monetary Policy by the Bank of England:
