Next Week
March 9, 2012
Central bank interest rate policy meetings are scheduled next week in the United States, Japan, Switzerland, Norway and Mexico. The ECB and Bank of Japan will be respectively publishing the monthly Bulletin and minutes from a prior meeting. In the United States clocks will be moved forward one hour to Daylight Savings Time on Sunday March 11, which will shorten the interval to four hours with London and five hours with Continental Europe.
The U.S. data calendar shows the quarterly current account plus monthly retail sales, producer and consumer prices, import prices, industrial production, the Philly and New York Fed manufacturing indices, business inventories, the NFIB small business sentiment index, the IBD/TIPP optimism index, The U. Michigan index of consumer sentiment, and Treasury "TIC" capital flows. Weekly data will feature jobless claims, chain store sales, consumer confidence, energy inventories and mortgage applications.
Canada will be reporting quarterly capacity usage and monthly auto sales, securities transactions and factory orders and shipments. Mexico releases industrial production.
Japan’s most significant releases will be machinery orders, the tertiary index, the Finance Ministry’s quarterly business sentiment index, and consumer confidence. Corporate goods prices, revised industrial production, and the index of leading economic indicators also will be arriving.
Some key statistical releases elsewhere in Asia are Chinese trades, Indian wholesale prices, Hong Kong and Malaysian industrial output, and Singapore unemployment and trade numbers.
Euroland reports industrial production, trade numbers, the ZEW indices, consumer prices and quarterly jobs growth. France and Italy release consumer prices, while Germany reports wholesale prices. Italian GDP is due. So are Irish industrial production and consumer prices, Finnish retail sales and consumer prices, Greek industrial output, Spain’s CPI and Portuguese trades and consumer prices.
Labor statistics and trade figures headline Britain’s data calendar, which also has the RICs and DCLG house price measures, and the index of leading economic indicators. Switzerland release of consumer prices, producer prices and import prices will be overshadowed by the Swiss National Bank’s quarterly interest rate policy statement. Norwegian and Danish trade figures are due. Denmark also reports its CPI and PPI.
From Eastern Europe, Czech retail sales and industrial production, Romania consumer prices and trades, and Hungary’s CPI are some of the upcoming releases.
Several Australian indicators are on tap: home loans, business confidence and conditions, housing starts, expected inflation auto sales, and consumer confidence. New Zealand reports on food price trends, and Turkey releases unemployment.
Copyright 2012, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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