Next Week

May 6, 2011

Central bank interest rate meetings will be held next week in Indonesia, South Korea, South Africa and Poland.  The Bank of England releases its quarterly Inflation Report on Wednesday.  Minutes from the Bank of Japan Policy Board’s meeting of April 6-7 will be released Monday, and the ECB monthly Bulletin is due on Thursday. 

Euroland’s data highlight will be the first estimate of first-quarter GDP growth, which will lack details on the composition of demand but in addition to the euro area as a whole show individual growth for a wide variety of member economies such as Germany, France, Italy, Spain, Portugal, The Netherlands, Finland, Greece, Belgium, and Austria.  Monthly industrial production gets released for the entire region, France, Italy, Holand, Ireland, Finland and Greece.  The Sentix gauge of investor sentiment toward the euro zone also arrives.  Germany will be reporting trade and current account data, wholesale prices and final CPI data.  France announces its current account, wages and CPI figures.  Spain, Portugal, Greece, Finland and The Netherlands report consumer prices.  Greek import prices and Portuguese consumer confidence and trades also arrive.

Britain’s data calendar shows trade figures, industrial production, same-store sales, Nationwide consumer confidence, and the Royal Institute of Chartered Surveyors gauge of the housing market.  The Swiss CPI and PPI are both slated, as is consumer confidence.  Swedish industrial output and Norwegian retail sales arrive, too.  So do Danish trades and consumer prices and Iceland’s unemployment figures.

Further to the east in Europe, Hungary and the Czech Republic report GDP, Romania and the Czech Republic release industrial production, and Poland, Romania, and the Czech Republic announce consumer price trends.

Next week is the one in May when all of China’s key statistics get reported: money and credit growth, the trade surplus, retail sales, business investment, consumer prices, producer prices and industrial production.  In this post-Golden Week, Japan will report money and credit, the trade and current account, the index of leading economic indicators, machine tool orders and the economy watchers index.  Some other planned Asian feature releases are Indian and Malaysian industrial production, Indonesia’s current account, and South Korean producer prices and unemployment.

The U.S. and Canadian trade figures come out at mid-week.  Other U.S. reports will be the monthly budget, import prices, consumer prices and producer prices, retail sales, business and wholesale inventories, the monthly budget, the IBD/TIPP optimism index, the NAHB housing index, and the usual weekly stuff — the keenly anticipated weekly jobless insurance claims as well as mortgage applications, chain store sales, consumer confidence, and energy inventories.  Canadian housing starts, home prices and auto sales fall due next week as well as the aforementioned trade data.

Mexico has several planned reports: trades, consumer and producer prices, and industrial production, while Brazil releases retail sales.

Australia’s monthly labor market data release is set for Thursday.  Australian business conditions and confidence, trade balance, and job ads are other scheduled releases.  From New Zealand, investors will learn the latest readings of the purchasing managers index, retail sales and food prices.  South Africa is reporting industrial production, and Turkey announces its current account and industrial output.

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

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