Next Week
May 31, 2013
The first week of June will be dominated by the release of more than fifty separate purchasing manager surveys from around the world covering the manufacturing, services and for Britain, Australia and Germany construction. These are timely, broad-based sources of economic information about demand, production, inventory management, hiring, and prices. A second major focus in the latter half of the week will be the Bank of England and ECB policy meetings and a slew of U.S. labor market reports.
Besides the European Central Bank and Bank of England, interest rate policy meetings are scheduled in Australia, Mexico, Poland, and Serbia. The Federal Reserve Beige Book will be published on Wednesday, and Bernanke, Yellen, Fisher, Plosser, George and Williams are among the Fed officials with public speaking appearances next week. As usual, there will be a press conference after the ECB meeting in Thursday.
New Zealand will be shut Monday in observance of the Queen’s birthday.
The labor market focus of the U.S. data calendar involves the ADP estimate of private job creation, weekly unemployment insurance claims, quarterly productivity and unit labor costs, and the Labor Department monthly labor force survey. Other scheduled U.S. releases are auto sales, construction spending, the trade deficit, the NAPM index, factory orders, the IBD/TIPP optimism index, weekly and monthly chain store sales, and weekly consumer comfort, energy inventories, and mortgage applications.
Some other release in the Western Hemisphere of note will be Canadian productivity, unit labor costs and trade figures, Mexican and Brazilian trades and consumer prices, Mexican producer prices and consumer confidence, and Brazilian industrial production.
Retail sales, producer prices, and revised GDP are the main Euroland-wide items arriving next week in addition to the aforementioned PMIs. National GDP figures will be reported by Portugal, Belgium, Greece and Finland. Germany will be releasing industrial production and orders, and Germany, France, Cyprus and Portugal report trade numbers. Dutch and Cypriot consumer prices and Irish, Spanish and Greek unemployment are due, too.
Britain’s data calendar features shop prices, same store sales, the trade deficit, new car sales and the housing index of the Royal Institute of Chartered Surveyors. Norwegian and Danish industrial production arrive, as do Icelandic GDP and Swiss consumer prices. Further east, the Czech Republic and Hungary report GDP and retail sales, and both Hungary and Romania release retail sales. Romanian producer prices and Hungarian industrial output arrive, too.
Japan reports first-quarter business investment, a key factor in the subsequent revision to the preliminary estimate of GDP. Japanese auto sales, labor cash earnings, and monetary base arrive, too. So does the index of leading economic indicators. Consumer price data will be published in South Korea, Taiwan, the Philippines, and Indonesia. Malaysia and Indonesia release trade figures. South Korean GDP and Filipino producer prices are also on tap.
Copyright 2013, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Economic Data Calendar
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