Next Week

December 1, 2012

A variety of monthly purchasing managers surveys will be released during the first week of December.  Most of the manufacturing sector reports arrive on Monday, and service sector PMIs will dominate Wednesday.  Some construction sector PMIs are also due.

Central bank interest rate policy meetings are scheduled in Australia, Canada, Peru, Britain, Euroland, Poland and New Zealand.  The likeliest changes involve Australia and Poland.  Bullard, Rosengren and Tarullo of the Federal Reserve speak publicly.

There is another meeting of European finance ministers on Tuesday.  British Chancellor of the Exchequer Osborne delivers the U.K. Autumn Budget Statement on Wednesday, and Spanish markets are closed Thursday.  Monthly budget figures arrive from the U.S., Canada, and France.

The U.S. data calendar features labor market statistics (non-farm payrolls, the ADP estimate of private jobs and weekly jobless insurance claims) and also lists construction spending, auto sales, productivity, unit labor costs, factory orders, the NAPM New York factory PMI survey, consumer confidence, and weekly reality checks of chain store sales, mortgage applications, energy inventories, and consumer comfort.  Just four weeks remain to hammer out a fiscal cliff avoidance pact.

Japan will be reporting third-quarter business investment, motor vehicle sales, the monetary base, international reserves, labor cash earnings and the index of leading economic indicators.

China releases consumer and producer prices on Thursday followed by retail sales and industrial production on Saturday.  Some of the other upcoming releases from Asia are South Korean, Indonesian, Taiwanese and Malaysian trade numbers; South Korean, Thai, Indonesian, Filipino, and Taiwanese consumer prices; Thai consumer confidence, and South Korean GDP.

Revised GDP highlights Euroland-wide’s release schedule, which also includes producer prices and retail sales.  German industrial orders, industrial production, labor costs, and wholesale prices arrive.  So do French unemployment and trade figures, Spanish industrial production, Belgian, Portuguese, Finnish, and Greek GDP,  and Dutch and Finnish industrial output.

In Britain, the Halifax and Hometrack house price indices are both due.  The Royal Institute of Chartered Surveyors will release its monthly house price balance index.  Same-store sales, motor vehicle sales, trade figures, expected inflation, industrial production, and NIESR’s estimate of November GDP are other scheduled releases. 

Swiss reserves, retail sales, unemployment and consumer prices are due.  Norway and Denmark release industrial production, while Iceland will be reporting GDP.  Several Eastern European countries report GDP:  the Czech Republic, Romania and Hungary.  Czech and Hungarian trade numbers are due, and so are Czech and Romanian retail sales.

Like the United States, Canada will be releasing its labor force survey and data on productivity and unit labor costs.  Canadian building permits will also get reported.  In Mexico, the PPI, CPI and consumer confidence are being released.  Both Chile and Brazil are set to report trade data, and Brazilian industrial production is due as well.

Australia has many releases: retail sales, jobs and unemployment, commodity prices, the current account, housing permits, GDP, job adds, corporate profits and the trade balance.  Turkey releases consumer and producer prices.  South Africa’s current account and New Zealand consumer confidence are scheduled as well.

Copyright 2012, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



One Response to “Next Week”

  1. Ayman says:

    Very great , Greece may finally gives some fresh air for the EUR