Next Week

July 19, 2013

Central bank interest rate policy meetings next week are scheduled in Hungary, the Philippines, Turkey and New Zealand.

Voters in Japan select their representatives in the upper chamber of parliament.  The Abe government also releases its July economic assessment.

Scheduled U.S. economic data releases cover existing and new home sales, the Richmond and Kansas City Fed manufacturing indices, the FHFA house price index, durable goods orders, the revised U. Michigan index of consumer sentiment, the Chicago Fed National Activity Index, and the flash estimate of the Markit purchasing managers index.  In addition, there will be the usual weekly observations of jobless insurance claims, chain store sales, mortgage applications, consumer comfort, and energy inventory levels.

Japan releases trade data, supermarket sales, corporate service prices, and consumer prices.  Elsewhere in Asia, trade figures arrive from both Hong Kong and the Philippines.  Chinese business sentiment and preliminary manufacturing PMI survey results are due, as are South Korean GDP and consumer confidence and Singaporean consumer prices and industrial production.

The feature release from the euro area next week is the set of preliminary composite, manufacturing and services PMI survey results for the whole bloc as well as for Germany and France.  A preliminary check of Ezone consumer confidence also arrives.  From the member countries, some of the data highlights will be the German IFO business climate results and import prices, French business sentiment and consumer confidence, Italian retail sales, Belgian and Dutch business sentiment, Greek trades, and Finnish and Spanish producer prices.

In Britain, revised GDP, the Nationwide house price index, and the CBI distributive trades survey arrive. Sweden will be reporting unemployment, producer prices, and the trade balance.  Sweden and Denmark each release consumer confidence, while the main Swiss statistic of the week will be money growth.  Icelandic producer and consumer prices each arrive. Polish unemployment and retail sales are due, along with Czech consumer and business sentiment.

Canada and Mexico each report both retail sales and wholesale turnover.  Mexican trade figures and the Brazilian current account are scheduled, too.

Australia’s feature release will be quarterly consumer prices, while New Zealand reports trades and business sentiment.  In South Africa, consumer prices, producer prices and unemployment are scheduled releases.

Copyright 2013, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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