Next Week

July 8, 2011

Chinese data on consumer prices, producer prices, money and bank lending growth, industrial production, retail sales, fixed asset investment, and real GDP will be released next week.  Policymakers at the Bank of Japan, Bank Indonesia and Bank of Korea will hold interest rate meetings, and Fed Chairman Bernanke delivers Humphrey Hawkins testimony before the House financial services committee.  Minutes will be published of the past Bank of Japan and FOMC meetings, and the ECB monthly Bulletin arrives.  The Eurogroup meets yet again to find a way to defuse the sovereign debt bomb.

Many U.S. economic indicator releases are scheduled: the trade deficit, retail sales, consumer, producer and import prices, the Empire State manufacturing index, business inventories, the JOLTS index, the IBD/TIPP optimism index, and the U. Michigan measure of consumer sentiment.  The monthly budget data arrive too, as well as the usual weekly figures for jobless insurance claims, mortgage applications, consumer confidence, chain store sales and energy inventories.

While Euroland per se reports only on consumer prices, foreign trade, and industrial production, many member releases are on tap, including German consumer prices, Italian unemployment and trade, French consumer prices and industrial output, Spanish, Finnish and Portuguese consumer prices, Belgian, Dutch, and Portuguese trade, Finnish and Dutch retail sales, and Greek import prices and industrial production.

The British data calendar has a line-up of wage earnings, unemployment, consumer prices, trades, same-store sales, the RICs and DCLG house price balance gauges, and the index of leading economic indicators.  Some other scheduled European releases are Danish and Norwegian CPI, PPI and trade figures, Swedish and Icelandic consumer prices, and Swiss producer prices.  Further to the east, CPI data are due in Poland, the Czech Republic, Hungary and Romania.  Romania also releases trade figures, and Hungary announces industrial production.  Czech unemployment and producer prices are scheduled, too.

Japan will be reporting on money growth, the tertiary index of service-sector activity, corporate goods prices, consumer confidence, machine tool orders, revised industrial production and capacity usage.

Second-quarter New Zealand GDP growth is due.  So are that country’s business purchasing managers index and food price index.  Australia reports bank lending for investment and mortgages, expected CPI inflation and auto sales. Turkey’s current account and South African industrial output make a showing, too.

Canada releases trade figures, the monthly manufacturing survey results, and housing starts.  Mexican trades and industrial output are due, and so are Brazilian retail sales.  Some Asian reports aside from the Japanese and Chinese lists will be Indian wholesale prices, Singaporean GDP, South Korean unemployment and trades, and Malaysian Industrial production.

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

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