Next Week
April 20, 2012
Next week’s calendar is crowded with central bank meetings at the Fed (including a Bernanke press conference), Bank of Japan (and the release of new macroeconomic forecasts), Megyar Nemzeti Bank, Bank of Mexico, and Bank of Israel. The first estimates of GDP growth arrive for Britain and the United States. Preliminary purchasing manager survey results for April will be reported for the euro area, Germany, China and France. G20 finance ministers and central bankers meet tomorrow, and France holds the first round of presidential elections this Sunday. Australia will be closed Wednesday for ANZAC Day.
Euroland industrial orders, index of leading economic indicators, consumer confidence, industrial confidence and overall economic sentiment readings will be re reported. Germany releases consumer prices and retail sales. France and Italy report consumer confidence. Italy, Ireland and Spain announce retail sales and France, Ireland, Finland, Greece and Spain release producer prices. Portuguese consumer confidence and Greek trade figures arrive.
British data releases next week aside from the aforementioned GDP report include the Nationwide and Hometrack house price indices, the public sector net borrowing requirement, the CBI surveys of retailers and industry, mortgage applications, and consumer confidence. Swedish and Swiss trade numbers are due. Sweden also releases retail sales, producer prices and consumer confidence. Iceland reports the consumer price index. Hungarian and Polish retail sales are due, as are Czech business and consumer confidence.
Some of the U.S. scheduled releases include the Case Shiller and FHFA house price measures, new home sales and pending home sales, the U. Michigan and Conference Board gauges of consumer confidence, the Richmond manufacturing index and durable goods orders. Weekly jobless insurance claims, mortgage applications, chain store sales and energy inventories will draw interest, too.
Australia and South Africa report producer prices. More importantly, Australia also releases consumer prices for 1Q12, which monetary officials say will strongly influence the decision over whether to cut the official cash rate.
Canada releases both retail sales and wholesale turnover. Mexican retail sales also arrive, as does Brazil’s current account and Mexican trade numbers.
Japan has its usual assortment of late-month releases: industrial production, unemployment, consumer prices, housing starts, construction orders, personal spending, retail sales and the manufacturing PMI index. China’s factory PMI arrives, too, and so do Singaporean consumer and producer prices, Hong Kong consumer prices, South Korean GDP and retail sales, and Hong Kong’s CPI index.
Copyright 2012, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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