Economic Calendar | 9 August 2021

Monday is traditionally a quiet trading day, as the macroeconomic calendar is usually empty on that day. However, today you should pay attention to statistics from several countries.

With the opening of the Asian session, the CPI came out in China, as well as the PPI in July. The first indicator rose by 0.3% on a monthly basis, better than the forecast for growth by 0.2% (after falling by 0.4% a month earlier). The index rose 1.0% year-on-year, also beating growth forecasts by only 0.8%. The producer price index showed an increase of 9.0%, which is better than the forecast of 8.8%.

In Switzerland, the unemployment rate was published: the figure in July remained at 2.8% in the reporting month. Compared to the month of last year, unemployment decreased by 20,591 people (-13.8%).

Germany provided data on imports, exports and the country's overall trade balance. Exports rose 1.3% month-on-month in June after a revised 0.4% increase in May. Analysts had expected the rate at 0.4%. Import growth fell to 0.6% from 3.4%. Economists had forecast a slowdown in annual growth to 0.5%. As a result, the trade surplus increased to 13.6 billion euros from 12.8 billion euros a month ago. The expected level was 13.4 billion euros.

The data from the USA will end the day. The States will present indicators of open vacancies in the JOLTS labor market. Analysts expect a slight increase in the number of vacancies – from 9.209 million to 9.281 million.