The upcoming week promises key economic insights, with U.S. retail sales and housing starts taking center stage. Analysts anticipate a 0.2% rise in October retail sales, reflecting continued consumer resilience despite higher gasoline prices. Meanwhile, housing starts are expected to rebound 4.0% to 1,270K after three consecutive declines, though high mortgage rates remain a significant constraint.
Abroad, inflation data from Canada, the U.K., and Japan will be closely watched. Canada’s October CPI report could reinforce expectations for another rate hike in December, with headline inflation likely holding steady at 3.1%. In the U.K., CPI is projected to rise to 3.8%, potentially accelerating the Bank of England’s tightening timeline. Japan’s CPI is expected to accelerate to 2.6%, supporting the case for further Bank of Japan normalization.
China’s economic momentum will also be in focus, with retail sales and industrial production data offering early Q4 insights. Industrial production growth is forecast to slow to 5.3%, while retail sales may ease to around 0.8%, reflecting persistent weakness in domestic demand.
Overall, the week’s data releases will provide critical updates on consumer spending, inflation trends, and housing activity, shaping monetary policy expectations across major economies.