Several highly relevant indicators will be published throughout this week. At the local level, updated data on formal employment, inflation and industrial activity. In the United States, for its part, on consumer prices and trade balance. In addition, the minutes of the last monetary policy meeting from both the Federal Reserve and the Bank of Mexico.
Below are the main economic indicators of the week:
Monday, October 7: Formal employment
- Jobs registered by employers in the IMSS (September)
The data on job positions reported by the IMSS is the most specific reference on employment status In the formal sector in Mexico, it presents the creation of positions and the number of employers that are registered in the private sector.
Tuesday, October 8: US trade balance
- Government securities auction result
- United States Trade Balance (August)
Like every Tuesday, the Bank of Mexico (Banxico) will publish the result of its government securities auction. These are a mechanism with which the central institute carries out open market operations with the objectives of regulating liquidity in the financial system and controlling the short-term interest rate.
For its part, the US trade balance measures the difference between exports and imports of the largest economy. Indicates whether the country has a trade deficit or surplus. It shows the level of competitiveness of the country. It is published monthly by the Census Bureau and the Bureau of Economic Analysis of the Department of Commerce.
Wednesday, October 9: Inflation in Mexico
- Mexico inflation report (September)
- Merchandise trade balance in Mexico, revised figures (August)
- IEA crude oil inventories
- Fed meeting minutes
The report of Mexico inflation includes the National Consumer Price Index (INPC), which measures the variation in the prices of a class of goods and services. This is published every month by the National Institute of Statistics and Geography (Inegi). It is crucial in making decisions such as salary adjustments and in the monetary policy of the Bank of Mexico.
Meanwhile, the information of the Mexico’s trade balancepublished by Inegi, shows the difference between the country’s exports and imports. It has an effect on the national economy and on operations in the markets. A surplus is a sign of strength and competitiveness. A deficit can signal external dependence and inflationary pressures.
For its part, the IEA Oil Inventories, published weekly by the International Energy Agency (IEA), indicate the levels of storage of crude oil and derivatives. It allows energy market participants to evaluate their activity, influences oil prices and reflects the balance between supply and demand.
Likewise, the Fed minutes summarize the discussions on monetary policy during the meetings of the Federal Open Market Committee, and especially the decisions on interest rates and economic projections. The Fed publishes them three weeks after each meeting and they are a reference for investment decisions.
Thursday, October 10: Banxico Minutes
- Minutes of the Banxico monetary policy meeting
- International Traveler Surveys, preliminary figures (August)
- United States inflation report (September)
- New requests for unemployment benefits from the United States
The minutes of the Banxico monetary policy meeting They summarize the discussions and explain the decisions on interest rates and economic policy in general. They provide details on the country’s economic assessment and are generally published two weeks after each central bank meeting.
The International Traveler Surveyfor its part, offers information to understand the state of incoming tourism, with data on foreign visitors and their spending in Mexico. It is information that guides some tourism policies to boost the economy and that guides tourism promotion. This data also helps you make better investment decisions.
The report of consumer inflation of the United States, meanwhile, reports the variation in the prices of goods and services that consumers pay in a certain period. It is published monthly by the Bureau of Labor Statistics. It is crucial in guiding the Fed’s monetary policy as well as key economic decisions.
On the other hand, new requests for unemployment benefits are an indicator of the labor market health from the United States. Issued weekly by the Department of Labor, the figures reflect the number of people applying for unemployment aid, giving a view of the overall conditions of the economy.
Friday, October 11: Industrial activity
- Industrial Activity in Mexico (August)
- United States producer inflation (September)
- UK GDP (August)
- Germany inflation (September)
The industrial activity of Mexico measures the performance of key sectors: mining, manufacturing, construction and energy generation. This indicator is published monthly by Inegi and is crucial to evaluate the country’s economic growth. Its analysis reveals trends in production and changes in the industrial sector.
Likewise, the Producer Price Index (PPI) measures changes in the prices that producers from the United States receive for their goods and services. It is published monthly by the Bureau of Labor Statistics. This indicator is key to identifying inflationary pressures from the perspective of production costs.
