--- title: "Next Week's Memo" type: "News" locale: "en" url: "https://longbridge.com/en/news/272817848.md" description: "Next week's memo includes the release of economic data from multiple countries: January 19th is a holiday in the United States, Australia’s TD-MI inflation index, Japan's core machinery orders, industrial output data, the UK Rightmove house asking price index, China's GDP and total retail sales of consumer goods, Eurozone HICP data, and Canada's CPI" datetime: "2026-01-16T10:02:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/272817848.md) - [en](https://longbridge.com/en/news/272817848.md) - [zh-HK](https://longbridge.com/zh-HK/news/272817848.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/272817848.md) | [繁體中文](https://longbridge.com/zh-HK/news/272817848.md) # Next Week's Memo Next Week's Memo January 19 (Monday) U.S. markets closed for holiday Australia's December TD-MI inflation index month-on-month: previous value up 0.3% Australia's December TD-MI inflation index year-on-year: previous value up 3.2% Japan's November core machinery orders month-on-month: forecast down 5.2%; previous value up 7% Japan's November core machinery orders year-on-year: forecast up 3.7%; previous value up 12.5% Japan's November industrial production month-on-month final value: initial value down 2.6% Japan's November industrial production year-on-year final value: initial value down 2.1% Japan's November capacity utilization index month-on-month: previous value up 3.3% Japan's November tertiary industry activity index month-on-month: forecast no change; previous value up 0.9% UK's January Rightmove house asking price index month-on-month: previous value down 1.8% UK's January Rightmove house asking price index year-on-year: previous value down 0.6% China's Q4 GDP year-on-year: forecast up 4.5%; previous value up 4.8% China's Q4 seasonally adjusted GDP quarter-on-quarter: forecast up 1.1%; previous value up 1.1% China's full-year GDP year-on-year: forecast up 5% China's December total retail sales of consumer goods year-on-year: forecast up 1.1%; previous value up 1.3% China's December industrial added value year-on-year: forecast up 5%; previous value up 4.8% China's full-year urban fixed asset investment year-on-year: forecast down 3.1%; previous value down 2.6% China's December urban surveyed unemployment rate: forecast 5.2%; previous value 5.1% Eurozone's December HICP year-on-year final value: initial value up 2% Eurozone's December HICP month-on-month final value: initial value up 0.2% Eurozone's December core inflation year-on-year final value: initial value up 2.3% Canada's December CPI month-on-month: forecast down 0.4%; previous value up 0.1% Canada's December CPI year-on-year: forecast up 2.2%; previous value up 2.2% \-------------------------------------------------------------------------------------------------------------------------------------------- January 20 (Tuesday) China's January one-year and five-year loan market quoted interest rates are expected to remain unchanged at 3% and 3.5% respectively New Zealand's December services PSI: previous value 46.9 New Zealand's December BNZ manufacturing PMI: previous value 56.1 South Korea's PPI year-on-year in December last year: previous value increased by 1.9% Germany's PPI month-on-month in December last year: previous value unchanged Germany's PPI year-on-year in December last year: previous value decreased by 2.3% UK's average wage year-on-year for the three months ending in November last year, including bonuses: previous value increased by 4.7% UK's ILO unemployment rate for the three months ending in November last year: forecast 5%; previous value 5.1% UK's unemployment rate in December last year: previous value 4.4% Taiwan's export orders year-on-year in December last year: forecast increase of 36.3%; previous value increased by 39.5% Hong Kong's latest unemployment rate: forecast 3.8%; previous value 3.8% Switzerland's producer and import prices month-on-month in December last year: previous value decreased by 0.5% Italy's current account in November last year: previous value surplus of 3.532 billion euros Eurozone's seasonally adjusted current account in November last year: previous value surplus of 25.7 billion euros Eurozone's ZEW economic sentiment index for January: previous value 33.7 Germany's ZEW economic sentiment index for January: forecast 50; previous value 45.8 Germany's ZEW economic situation index for January: previous value negative 81 Earnings announcements: Netflix (NFLX.US), 3M Company (MMM.US), U.S. Bancorp (USB.US), Fastenal (FAST.US), United Airlines (UAL.US); New City Services (01755.HK) \-------------------------------------------------------------------------------------------------------------------------------------------- January 21 (Wednesday) Bank Indonesia's monetary policy meeting, expected to maintain the benchmark interest rate at 4.75% Australia's Westpac leading index month-on-month in December last year: previous value decreased by 0.04% UK's CPI month-on-month in December last year: forecast to increase by 0.3%; previous value decreased by 0.2% UK's CPI year-on-year in December last year: forecast to increase by 3.3%; previous value increased by 3.2% UK's core CPI year-on-year in December last year: forecast to increase by 3.3%; previous value increased by 3.2% UK's retail price index month-on-month in December last year: previous value decreased by 0.4% UK's retail price index year-on-year in December last year: previous value increased by 3.8% Switzerland's M3 money supply year-on-year in December last year: previous value increased by 4.8% U.S. MBA mortgage application numbers last week: previous value increased by 28.5% U.S. leading economic index month-on-month in December last year: previous value revised to decrease by 0.3% U.S. construction spending month-on-month in October last year: forecast to increase by 0.1% U.S. December existing home sales index month-on-month: Previous value increased by 3.3% Canada's December industrial product price index month-on-month: Previous value increased by 0.9% Earnings announcements: Johnson & Johnson (JNJ.US), Travelers Group (TRV.US); Life Insurance Corporation of China (02136.HK) \-------------------------------------------------------------------------------------------------------------------------------------------- January 22 (Thursday) Bank Negara Malaysia's monetary policy meeting, expected to maintain the benchmark interest rate at 2.75% South Korea's Q4 GDP quarter-on-quarter preliminary value: Forecasted to increase by 0.3%; Previous value increased by 1.3% South Korea's Q4 GDP year-on-year preliminary value: Forecasted to increase by 1.9%; Previous value increased by 1.8% Japan's December unadjusted goods trade balance: Forecasted surplus of 369.2 billion yen; Previous value revised to a surplus of 316.7 billion yen Japan's December adjusted goods trade balance: Forecasted to turn into a deficit of 800 million yen; Previous value surplus of 62.9 billion yen Australia's December employment change: Forecasted to increase by 25,600; Previous value decreased by 21,300 Australia's December adjusted unemployment rate: Forecasted at 4.4%; Previous value increased to 4.3% Australia's December labor force participation rate: Forecasted at 66.8%; Previous value 66.7% Taiwan's December unemployment rate: Previous value 3.35% Hong Kong's December CPI year-on-year: Forecasted to increase by 1.2%; Previous value increased by 1.2% UK's December public finance deficit: Previous value £11.7 billion U.S. last week's new unemployment claims: Previous value 198,000 U.S. Q3 real GDP annualized quarter-on-quarter final value: Forecasted to increase by 4.3%; Preliminary value increased by 4.3% U.S. Q3 real personal consumption expenditures quarter-on-quarter final value: Preliminary value increased by 3.5% U.S. Q3 GDP price index final value: Preliminary value increased by 3.8% U.S. Q3 core PCE price index quarter-on-quarter final value: Preliminary value increased by 2.9% U.S. November personal income month-on-month: Forecasted to increase by 0.4% U.S. November personal spending month-on-month: Forecasted to increase by 0.5% U.S. November PCE price index month-on-month: Forecasted to increase by 0.2% U.S. November PCE price index year-on-year: Forecasted to increase by 2.7% U.S. November core PCE price index month-on-month: Forecasted to increase by 0.2% U.S. November core PCE price index year-on-year: Forecasted to increase by 2.8% Eurozone January consumer confidence index preliminary value: Forecasted at -12.8; Previous value -13.1 Earnings Release: Procter & Gamble (PG.US), GE Aerospace (GE.US), Abbott (ABT.US), Intel (INTC.US), Alcoa (AA.US), Intuitive Surgical (ISRG.US) First Day Listing: LongiTech Smart Energy (09611.HK) \-------------------------------------------------------------------------------------------------------------------------------------------- January 23 (Friday) The Bank of Japan announces the results of its monetary policy meeting, expected to keep the benchmark interest rate unchanged at 0.75%. New Zealand's Q4 CPI quarter-on-quarter: forecast to rise 0.5%; previous value rose 1%. New Zealand's Q4 CPI year-on-year: forecast to rise 3%; previous value rose 3%. Australia's January S&P Composite PMI preliminary: previous value 51. Australia's January S&P Manufacturing PMI preliminary: previous value 51.6. Australia's January S&P Services PMI preliminary: previous value 51.1. South Korea's January Consumer Confidence Index: previous value 109.9. Japan's December national CPI year-on-year: forecast to rise 2.1%; previous value rose 2.9%. Japan's December national core CPI year-on-year: forecast to rise 2.4%; previous value rose 3%. Japan's January S&P Composite PMI preliminary: previous value 51.1. Japan's January S&P Manufacturing PMI preliminary: previous value 50. Japan's January S&P Services PMI preliminary: previous value 51.6. UK's January GfK Consumer Confidence Index: forecast negative 16; previous value negative 17. India's January HSBC Composite PMI preliminary: previous value 57.8. India's January HSBC Manufacturing PMI preliminary: previous value 55. India's January HSBC Services PMI preliminary: previous value 58. Singapore's December CPI year-on-year: forecast to rise 1.2%; previous value rose 1.2%. Taiwan's December industrial production year-on-year: forecast to rise 12%; previous value rose 16.42%. UK's December seasonally adjusted retail sales month-on-month: forecast to rise 0.2%; previous value fell 0.1%. UK's December seasonally adjusted retail sales year-on-year: previous value rose 0.6%. UK's December seasonally adjusted core retail sales month-on-month: previous value fell 0.2%. UK's December seasonally adjusted core retail sales year-on-year: previous value rose 1.2%. UK's January S&P Services PMI preliminary: forecast 51.6; previous value 51.4. UK's January S&P Manufacturing PMI preliminary: forecast 50.5; previous value 50.6 UK January S&P Composite PMI Preliminary: Forecast 51.5; Previous 51.4 France January INSEE Business Confidence Index: Previous 99 France January INSEE Manufacturing Confidence Index: Previous 102 France January HCOB Manufacturing PMI Preliminary: Previous 50.7 France January HCOB Services PMI Preliminary: Previous 50.1 France January HCOB Composite PMI Preliminary: Previous 50 Germany January HCOB Services PMI Preliminary: Forecast 52.2; Previous 52.7 Germany January HCOB Composite PMI Preliminary: Previous 51.3 Germany January HCOB Manufacturing PMI Preliminary: Forecast 48.4; Previous 47 Eurozone January HCOB Manufacturing PMI Preliminary: Forecast 49.5; Previous 48.8 Eurozone January HCOB Services PMI Preliminary: Forecast 52.4; Previous 52.4 Eurozone January HCOB Composite PMI Preliminary: Forecast 52; Previous 51.5 US January S&P Manufacturing PMI Preliminary: Forecast 52; Previous 51.8 US January S&P Services PMI Preliminary: Forecast 52.8; Previous 52.5 US January S&P Composite PMI Preliminary: Previous 52.7 US January University of Michigan Consumer Sentiment Index Final: Forecast 54; Preliminary 54 Canada November Retail Sales Month-on-Month: Forecast to rise 1.2%; Previous decrease 0.2% Canada November Core Retail Sales Month-on-Month: Forecast to rise 1.2%; Previous decrease 0.6% ## Related News & Research - [Fear of an war-driven inflation shock is overruling everything else in markets right now](https://longbridge.com/en/news/277764313.md) - [Thai business group keeps 2026 GDP growth forecast at 1.6% to 2.0%](https://longbridge.com/en/news/277726328.md) - [Eurozone February preliminary CPI +1.9% vs +1.7% y/y expected](https://longbridge.com/en/news/277601234.md) - [UBS Says Canada's Q4 GDP Was Not as Bad as It Looked; Sees Bank of Canada on Hold](https://longbridge.com/en/news/277501240.md) - [TABLE-Asian physical rubber prices - March 02](https://longbridge.com/en/news/277425351.md)