Next Week
August 21, 2009
The final week of August is not the last week of the summer season because the Labor Day Holiday in 2009 is on September 7, its latest possible date.
Typical of the cusp between months, next week has a busy calendar for released data and planned central bank meetings. The latter will be held in Colombia, Thailand, Poland, Malaysia, Hungary and Israel, the bulk of which will rubber-stamp existing policy stances. Lockhart and Bullard of the Fed speak publicly as do Bean of the Bank of England, Lane of the Bank of Canada, and Hildebrand of the Swiss National Bank.
Revised GDP heads a U.S. data slate that also includes the Case-Shiller and FAHFA house price indices, new home sales, the KC, Chicago, and Richmond Fed activity indices, consumer confidence (both Conference and U.Michigan final results), durable goods orders, and personal spending and income. Interest will also be directed to weekly numbers on jobless claims, energy inventories, mortgage applications and chain store sales.
Japan releases customs trade, consumer prices, super-market sales, household spending, corporate service prices, unemployment, and last but hardly least significant Shoko Chukin survey of small firm sentiment.
From Euroland, we get several key reports such as overall, consumer and business sentiment, industrial orders, the retail PMI, money growth and credit expansion. Germany will announce import prices, consumer prices, revised GDP and the IFO business sentiment survey. Belgium and the Netherland release business sentiment. Spain and Belgium report consumer prices. Spain also releases GDP, and Italy announces producer prices.
Britain’s scheduled data releases include mortgage loans, the CBI survey of retailers, revised GDP, consumer confidence and the Nationwide house price index. Norwegian employment and factor wages are due, as are the Swiss index of leading economic indicators and Swedish trades, consumer confidence, business sentiment, producer prices and retail sales.
From Eastern Europe will come Hungarian retail sales and Polish GDP and retail sales.
Some of the other Asian releases outside of Japan will be consumer prices and industrial output from Singapore, industrial orders and unemployment from Taiwan, Thai GDP, and Philippine trades. The Philippines and Malaysia also release GDP.
Mexico announces trade figures, GDP and unemployment, while Brazil releases consumer confidence and current account data.
Canada has scheduled retail sales, producer prices and the current account. Australian motor vehicle sales, construction spending and private investment are lined up too. New Zealand reports trades and building permits, and South Africa announces both consumer and producer prices during the week.
Copyright Larry Greenberg 2009. All rights reserved. No secondary distribution without express permission.
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