Next Week
March 5, 2010
Highlights from the data calendar next week are Japanese GDP (first revision), industrial production in Britain and Euroland, U.S. retail sales, Canadian and Australian monthly labor market reports, and the whole spectrum of monthly Chinese statistics. Among scheduled monetary policy meetings in Switzerland, New Zealand, South Korea, Thailand, the Philippines, Peru, and Russia, only Russia is likely to change rates, that being a further cut. The ECB monthly Bulletin gets released. None of the major advanced economies will be observing holiday closures. Nine days from now on March 14, the United States goes back on Daylight Savings Time by moving clocks up an hour.
Other U.S. statistics that are due include monthly trade figures plus survey results from the IBD/TIPP on economic optimism, National Federation of Independent Businesses on small business sentiment, and the JOLTS index (job openings and labor turnover). Wholesale and business inventories, the monthly Federal budget, and preliminary U. Michigan index of consumer sentiment score arrive as well, as do the contingent of weekly indicators covering jobless insurance claims, energy inventories, mortgage applications, chain store sales, and consumer confidence. Evans and Dudley from the Federal Reserve have speaking engagements.
Japan will also be reporting money and credit growth, trade and the current account, machinery orders, corporate goods prices, revised industrial production and capacity usage, the economy watchers index (a gauge of retail activity), and the indices of leading and coincident economic indicators.
Germany, France, Italy and the Netherlands will also be announcing industrial production results. Germany releases trade and current account figures plus final and comprehensive consumer price data. French trades. Italian and Belgian GDP, Spanish consumer prices and Italian labor costs arrive, too. Current account figures for the whole euro area get reported, too.
From Britain, investors will learn the latest trends in trade, the RICs house price index, and same-store retail sales. The Bank of England releases results of a new survey to gauge expected inflation, and the National Institute of Economic and Social Research will give an estimate of GDP growth over the three months to February.
Switzerland, Sweden and Norway report consumer prices. Norway also releases producer price data, while Sweden offers up industrial production and orders. In the eastern part of the continent, the Czech Republic will be announce figures for the current account, trade balance, GDP, industrial production, and consumer prices. Poland and Romania also report current account data, while Hungarian and Romanian CPI reports are due.
China’s slate of figures covers trade, the PPI and CPI, industrial production, retail sales, money and credit growth, and fixed asset investment. As per custom, changes are given in on-year terms. India, South Africa and Turkey also announces industrial production. Other Asian data announcements are by and large second-tier stuff such as Singapore retail sales, Taiwanese trade, and South Korean producer prices.
The Aussie and Canadian jobs and unemployment figures will hold interest, because labor markets in those countries have lately shown brisk activity. Also, Australia is into its interest rate-raising cycle, and Canada will be joining that group in four months. Canada also releases housing starts, capacity usage, trade figures and house prices. Australian business sentiment and conditions, consumer confidence, and mortgage loan approval data arrive as well. Bank of Canada Carney has a public speaking engagement. New Zealand chimes in with manufacturing production, retail sales, and its purchasing managers index.
Brazilian retail sales, Argentine consumer prices, and Mexico’s CPI and industrial production report are a few of the Latin American scheduled releases.
Copyright Larry Greenberg 2010. All rights reserved. No secondary distribution without express permission.
Tags: Economic data releases
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