Next Week

March 25, 2011

Manufacturing purchasing managers surveys for developed and developing economies alike will be released next week.  Interest rate policy meetings are scheduled in Hungary, Romania and Iceland.  A pretty heavy stream of other economic data releases is also on tap.

For example, Friday is the U.S. monthly jobs day, and Wednesday and Thursday see the release of the ADP private employment estimate and weekly jobless insurance claims, respectively.  The United States additionally will be reporting personal income and spending, the Case Shiller house price survey, consumer confidence, the Chicago PMI, Milwaukee PMI and New York NAPM indices, construction spending, industrial orders and pending home sales, plus weekly chain store sales, mortgage applications, energy inventories, and consumer confidence.

The main Japanese event will be the central bank’s quarterly Tankan survey of business conditions and expectations, but the under card is meaty too with labor statistics, household spending, retail sales, industrial production, wage earnings, small business sentiment, housing starts and construction orders.

Euro area consumer prices, unemployment, economic sentiment and index of leading economic indicators are due.  So are German consumer prices and labor statistics, French consumer spending, Spanish and Irish retail sales, Italy’s PPI, CPI and GDP, Greek and Irish trade figures, Dutch producer prices, Belgian consumer prices, and Portuguese industrial production.

Both British measures of consumer confidence arrive, one compiled by GFK and the other by Nationwide.  The final British 4Q GDP numbers arrive, as do the quarterly current account, mortgage applications, and a monthly CBI survey of retailers.  Norway, Denmark and Sweden report trade data.  Iceland releases producer prices.  Switzerland’s current account is due too.  Hungary’s and Poland’s current account figures get reported, as do Romanian unemployment and Hungarian producer prices.

Australia has scheduled building permits, retail sales, private credit growth and the current account.  New Zealand will be reporting money growth, building approvals and trade figures.  South Africa also announces money growth and trade numbers plus producer prices, and Turkey chimes in with GDP and trades.

India, Indonesia and South Korea release their current account data.  Hong Kong reports retail sales, while Thai industrial production is slated.

Scheduled Canadian data include producer prices, raw material prices, wages and monthly GDP, while Brazil will be announcing the latest industrial production and trade results.

Copyright Larry Greenberg 2011.  All rights reserved.  No secondary distribution without express permission.

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