Will confine, will not confine? The rumor of a general confinement of the city of Beijing, similar to that of Shanghai, has swelled in recent days, to the point of causing a rush in supermarkets. And to provoke the intervention of the authorities. They said at the weekend that there would be no lockdown, but they are still encouraging residents to stay at home and are preparing to launch a new series of mass tests in most of the city. . It is in this particular context, a remake of the spring 2020 scenario, that a salvo of economic indicators relating to the month of April will be published in China on Monday.
Continued decline in retail sales
Operators will closely monitor the figures for the unemploymentof the industrial production and retail sales. Down 3.5% year on year in March, retail sales are expected to deepen their decline in April to -6.6%, according to estimates by economists polled by Bloomberg. On the other hand, sales of basic necessities should register a strong increase, in particular those of food products. Ditto for Internet sales. Industrial production, which had held up rather well in March with growth of 5% over one year, after 7.5% in February, is expected to collapse in April and be limited to 0.5%.
Closer to home, investors will be interested in the wholesale price index in Germany in Aprilto the March trade balance in the euro zone and to new spring economic projections from the European Commission. In the United States, the focus will be on the manufacturing survey of the Federal Reserve of New York in May. After rebounding to 24.6 in April, the index is expected to fall back to 15.
On the values front, Aramis Group, Future Telecom, GInternational and inventive will report on their turnover or results. Same for the air carrier low-cost Ryanair, which will unveil its fourth quarter accounts. In the same sector, Paris airports will present traffic figures at its airports for the month of April.
PC