A series of key economic indicators are lined up for release this week and they will provide important insights into global economic trends and developments. The National Bureau of Statistics (NBS) will publish Nigeria’s 2012 budget report on public debts, while a new inflation report is set be unveiled by US in August.
Additionally, there is an announcement by the UK about its unemployment rate for August and there will be an oil monthly report from Organization of Petroleum Exporting Countries (OPEC).
The NBS report that is expected on Friday, September 13th will give an update on Nigeria’s stock of public debts which stood at N121.67 trillion as at Q1 2024. This translates to a quarter on quarter growth rate of 24.99 percent.
In other news, US Bureau of Labor Statistics will release its inflation report for July on Wednesday, September 11th. Consumer prices in America had their slowest rise over three years in July thereby making it easier for the central bank to justify its first interest rate cuts.
The UK’s Office for National Statistics is going to present on Tuesday, September 10th at Thursday’s headline unemployment figures for August. It fell to 4.2 percent in July unexpectedly marking the lowest since February.
OPEC releases its monthly oil report on Tuesday, September 10 and this gives a world oil production update. Nigeria’s oil output increased slightly to 1.3 million barrels daily in July, according to OPEC data.
