Week Ahead

A comprehensive preview of major economic data releases for the week of May 25, 2026, focusing on US core PCE inflation and European consumer confidence amid Middle East geopolitical risks.

Key Takeaways

• 1.US core PCE inflation is the critical data point, currently trending significantly above CPI, creating a 'headache' for the Federal Reserve.
• 2.Geopolitical tension from the Middle East war is weighing on European consumer sentiment and causing households to be more cautious.
• 3.Nordic focus centers on growth indicators and central bank communication from the Riksbank and Norges Bank regarding financial stability and potential rate hikes.

Table of Contents

• Packed week of data releases coming up
• Key Economic Indicators & Events: 25 – 31 May, 2026
• SWE: Housing starts (Q1)
• SWE: PPI (Apr)
• US: Consumer confidence (May)
• RBNZ policy rate decision
• FRA: Consumer confidence (May)
• NOR: GDP (Q1)
• NOR: Oil investment survey (Q2)
• SWE: NIER business survey (May)
• SWE: Consumer confidence (May)
• SWE: Debt office forecast
• US: Core PCE (Apr)
• US: GDP Q1, 2nd estimate
• SWE: GDP, final estimate (Q1)
• SWE: Retail sales (Apr)
• NOR: Retail sales (Apr)
• NOR: Registered unemployment (May)
• GER/FRA: Retail sales (Apr)
• FRA/SP/IT/GER: HICP, flash est. (May)
• NOR: Norges Bank's FX purchases (Jun)

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