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Weekly Economic Perspectives: German CPI Inflation - Not the Records We Like to See

Chief Economist
Investment Strategist

The Economy

  •  US employment robust, manufacturing activity slows.
  • Strong manufacturing sector drives Canadian economic expansion in January.
  • UK mortgage demand weakens amid high prices, rising rates.
  • German consumer confidence, spending, dented by high inflation.
  • Japanese manufacturing sentiment worsens.
  • Another strong retail sales report in Australia.

Spotlight On Next Week

  • US service activity might accelerate.
  • Canadian unemployment rate set to retreat further.
  • The RBA will leave the cash rate unchanged, but a less dovish tone should emerge

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