Next Week

August 12, 2011

An Icelandic interest rate policy meeting is scheduled next week in Iceland, and minutes from this month’s Australian and British policy meetings will be published.  Federal Reserve officials with public speaking engagements include Lockhart, Fisher, Dudley and Pianalto.  Many important data releases are on tap.

The United States will be reporting the PPI, CPI and import price indices, the New York and Philly Fed manufacturing survey results, housing starts, building permits, the National Association of Home Builders index, existing home sales, industrial production, monthly capital flows between the United States and non-residents, the index of leading economic indicators, and weekly jobless claims, consumer confidence, chain store sales, mortgage applications and energy inventories.

Japan’s data calendar is led by 2Q GDP and also includes customs clearance trade, the all-industry index, the index of leading indicators and the Reuters monthly Tankan proxy.

The euro area also reports 2Q GDP for the whole region as well as preliminary estimates for Germany, France, Italy, Spain, Portugal, The Netherlands, Belgium, Greece, Austria, Finland, Hungary, the Czech Republic and Romania.  Other EMU-wide releases next week will be the trade balance, current account, consumer prices and construction orders.  Other national statistics include German producer prices, Finnish consumer prices, France’s index of leading economic indicators, Belgium’s trade balance, the Greek current account, Spanish trades and index of leaders, and Portuguese unemployment.

Britain has a meaty calendar consisting of releases of consumer prices, unemployment, wage earnings, retail sales, public finances, and the Rightmove and DCLG house price indices. Swiss producer prices, Swedish industrial production and Norway’s trade figures arrive, too.

Canada reports wholesale sales, auto sales, the monthly survey of manufacturers, securities transactions, and the index of leading economic indicators.  Mexican GDP and Argentine trades and industrial production are three upcoming Latin American releases.

Australia reports quarterly labor costs, and New Zealand releases producer prices.  Turkish unemployment and South African retail sales and wholesale turnover numbers will be announced, too.

South Korea and Singapore will be reporting their trade balances. Malaysian consumer prices and China’s index of leading economic indicators are two of other-Asia’s interesting data reports next week.

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

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