Top 7 Important Economic Indicators for Next Week! Focus on US CPI and PPI | November 9–13, 2026

?This article was posted on November 7, 2026＝＞Latest related articles?

Next week, there will be releases of economic indicators from the United States focusing on inflation trends, as well as from China, the United Kingdom, and the euro area.

What to pay attention to in particular are the US CPI on November 10 and the US PPI on November 13. The movements in prices influence the Fed's monetary policy and rate-cut expectations, and are important material for considering the movements of the dollar/yen and gold.

This time, we will highlight seven important events for next week.

? List of important economic indicators for next week

Period: Monday, November 9, 2026 to Friday, November 13, 2026

November 9 (Mon)

?? 10:30 China CPI / PPI –★★★
?? 14:00 Japan Economic Outlook Index (leading and coincident) –★★

November 10 (Tue)

?? 22:30 US CPI –★★★

November 12 (Thu)

?? 16:00 UK Q3 GDP (flash) –★★★
?? 22:30 US Initial Jobless Claims –★★

November 13 (Fri)

?? 19:00 Eurozone Q3 GDP (revised) –★★
?? 22:30 US PPI –★★★

※ All release times are in Japan time.
※ The US is on Standard Time from November 1.
※ Importance is our own assessment considering market impact.

?? ① China October CPI/PPI ? Focus on the recovery pace of the Chinese economy

Overview：CPI measures the prices of goods and services purchased by consumers, and PPI measures the prices at the producer level. They indicate domestic consumer demand and manufacturing price trends in China.

Announcement time：November 9, 2026 (Mon) 10:30 Japan time

Previous values：

• CPI year-on-year: 0.9%
• PPI year-on-year: 5.0%

Market expectations：

• CPI year-on-year: 0.8%
• PPI year-on-year: 5.3%
• ?If higher than expected：A recovery in consumption and business activity is anticipated, which could support the yuan as a material of improvement in China’s economy. Expectations for commodity demand could spill over to AUD as well.
• ?If lower than expected：Domestic demand weakness and deflation concerns could be more evident, raising caution about China’s economy.
• ➡️If in line with expectations：Both CPI and PPI should be checked to see if consumption and manufacturing are recovering together.

?? ② Japan September Economy Watchers’ Leading Index ? Check the domestic economy’s outlook

Overview：The Economy Watchers’ Leading Index combines several indicators to judge the current state and outlook of the economy. The leading index signals the future economy, while the coincident index indicates current economic conditions.

Announcement time：November 9, 2026 (Mon) 14:00 Japan time

Previous values：

• Leading index: 118.0
• Coincident index: 118.8

Market expectations：

• Leading index: 116.5
• Coincident index: 119.4
• ?If higher than expected：Flattening of the economy is anticipated, which could support the yen.
• ?If lower than expected：Concerns about economic slowdown could delay BOJ normalization, weighing on the yen.
• ➡️If in line with expectations：Check whether the leading and coincident indexes move in the same direction to gauge both the outlook and the current state of the economy.

?? ③ United States October CPI ? A key event for dollar and gold

Overview：CPI measures price changes for goods and services purchased by US consumers. It is a crucial inflation indicator for assessing Federal Reserve policy.

Announcement time：November 10, 2026 (Tue) 22:30 Japan time
Previous values：

• Headline CPI month-over-month: +0.6%
• Core CPI month-over-month: +0.3%

Market expectations：

Headline CPI month-over-month: +0.3%
Core CPI month-over-month: +0.2%

• ?If higher than expected：Inflation persistence is likely priced in, reducing expectations for Fed rate cuts. US rates may rise, supporting a stronger dollar, which could weigh on gold.
• ?If lower than expected：Expectations for rate cuts may strengthen due to easing inflation, potentially pushing US rates lower and supporting gold.
• ➡️If in line with expectations：The breakdowns of core CPI and shelter costs, and the reaction of US Treasury yields after the release are important.

?? ④ United Kingdom Q3 GDP Flash Estimate ? A key indicator shaping the pound's direction

Overview：GDP sums the value added of goods and services produced domestically and indicates the overall growth rate of the UK economy.

Announcement time：November 12, 2026 (Thu) 16:00 Japan time
Previous value：QoQ +0.5%
Market expectations：QoQ +0.7%

• ?If higher than expected：Economic resilience in the UK is anticipated, possibly delaying the Bank of England’s rate cuts, which could support the pound.
• ?If lower than expected：Concerns about economic slowdown may strengthen rate-cut expectations, weighing on the pound.
• ➡️If in line with expectations：Focus on which sectors—services or manufacturing—are supporting economic growth.

?? ⑤ United States November Initial Jobless Claims ? Check changes in the labor market

Overview：Initial jobless claims are the number of people who filed for unemployment benefits for the first time. It provides a weekly view of the US labor market.

Announcement time：November 12, 2026 (Thu) 22:30 Japan time
Previous value：189,000
Market expectations：195,000

• ?If claims are higher than expected：Labor market weakness may be anticipated, increasing expectations for Fed rate cuts. Could weigh on the dollar.
• ?If claims are lower than expected：Labor market resilience may reduce expectations for rate cuts, supporting the dollar.
• ➡️If in line with expectations：Also check continuing claims and recent trends to assess changes in the labor market.

?? ⑥ Euro area Q3 GDP revised ? The euro area's economic trajectory

Overview：An indicator of the euro area's overall economic growth. It informs considerations of ECB policy and the euro’s direction.

Announcement time：November 13, 2026 (Fri) 19:00 Japan time
Previous value：QoQ +0.4%
Market expectations：QoQ +0.4%

• ?If higher than expected：Perceived robustness of the economy may reduce expectations for ECB rate cuts, possibly supporting the euro.
• ?If lower than expected：Concerns about economic slowdown could raise expectations for rate cuts, weighing on the euro.
• ➡️If in line with expectations：Pay attention to which sectors are driving growth and how quickly revisions might be.

?? ⑦ United States October PPI ? Watch inflation pressures at the corporate level

Overview：PPI measures price changes for goods and services at the producer level. Unlike CPI, it reflects inflation pressures faced by businesses.

Announcement time：November 13, 2026 (Fri) 22:30 Japan time
Previous value：

• Overall PPI month-over-month: +1.3%
• Core PPI month-over-month: +0.7%

Market expectations：

• Overall PPI month-over-month: +0.4%
• Core PPI month-over-month: +0.3%
• ?If higher than expected：Inflation pressures at the corporate level may be priced in, raising concerns about pass-through to consumer prices and potentially delaying Fed rate cuts, supporting the dollar and weighing on gold.
• ?If lower than expected：Perceptions of easing corporate price pressures could strengthen expectations for inflation to ease, supporting dollar weakness and potentially supporting gold.
• ➡️If in line with expectations：Focus on breakdowns like core PPI and service prices. Corporate price increases do not always fully pass through to consumer prices.

? Recap and what lies ahead

Next week's biggest focal point is the US CPI and PPI.

By checking consumer prices with CPI and producer prices with PPI, you can gauge US inflation trends from multiple angles.

If both indicators come in stronger than expected, Fed rate-cut expectations may recede, with US rates rising, the dollar strengthening, and gold weakening. Conversely, if the results are weak, rate-cut expectations may rise, potentially weakening the dollar and lifting gold.

However, since markets have priced in expectations, not only the results but also the post-release reactions of US yields and forex should be observed.