The Week Ahead: Economic Events to Watch (Nov 11–14)

As markets move deeper into November, the focus shifts toward a dense lineup of inflation data, labor-market readings, and early GDP estimates across major economies. Several releases carry the potential to influence rate expectations heading into year-end, especially from the UK, U.S., and China.

Tuesday, November 11 — Early Signals From New Zealand and the UK

The week opens with New Zealand’s RBNZ Inflation Expectations (Q4) at 4:00 AM. While not typically a high-volatility event, it remains a key indicator for the central bank’s policy stance. Prior expectations sat at 2.28%.

Attention then turns to the UK at 9:00 AM, where a trio of labor-market releases will help shape the outlook for the Bank of England:

• Claimant Count Change (Oct), previously 25.8K

• Employment Change (3M, Sep), last at -91K

• ILO Unemployment Rate (3M, Sep), previously 4.8%

Any signs of cooling employment could reinforce arguments for a more cautious BOE stance. Later in the morning, markets will also listen for remarks from ECB President Lagarde, offering insight into the eurozone’s inflation trajectory.

Wednesday, November 12 — Eurozone Inflation Update

At 9:00 AM, the eurozone releases its HICP (YoY) for October, with the prior reading at 2.3%. Stable numbers would suggest that disinflation remains intact, supporting expectations of a steady ECB policy path through the final stretch of the year.

Thursday, November 13 — Australia and the UK Take the Spotlight

The day begins with Australia’s Employment Change and Unemployment Rate (Oct) at 2:30 AM. The labor market has been showing early signs of softening, with last month’s unemployment reading at 4.5%.

At 9:00 AM, the UK publishes its Preliminary Q3 GDP, both quarterly and yearly. The previous quarterly expansion of 0.3% will be watched closely alongside the 1.4% annual pace. These numbers will help determine whether the BOE can maintain its slower, more measured tone.

Later in the day, attention shifts to the U.S. with a full slate of CPI data:

• CPI (MoM, Oct), previously 0.3%

• CPI (YoY, Oct), previously 3%

• Core CPI (MoM, Oct), previously 0.2%

• Core CPI (YoY, Oct), previously 3%

This batch carries significant weight, as markets gauge whether inflation is settling firmly enough to keep the Fed on pause.

Friday, November 14 — China, Eurozone GDP, and U.S. Consumer Data

Friday opens with two major releases from China:

• Industrial Production (YoY, Oct), previously 6.5%

• Retail Sales (YoY, Oct), previously 3%

These metrics will indicate whether China’s recovery is stabilizing after months of uneven performance.

At noon, the eurozone releases its Preliminary Q3 GDP, with both quarterly and annual figures expected to hold at 0.2% and 1.3%, respectively.

Finally, the U.S. wraps the week with important consumer-sector indicators:

• Core PPI (YoY, Oct), last at 2.8%

• Retail Sales (MoM, Oct), previously 0.6%

• Retail Sales Control Group (Oct), previously 0.7%

These reports will offer clues about underlying demand heading into the holiday season.