Next Week
May 30, 2014
Central bank policy meetings are planned next week at the European Central Bank, Bank of England, Reserve Bank of Australia, Bank of Korea, Reserve Bank of India, Bank of Mexico, National Bank of Romania, Bank of Canada, and National Bank of Poland. The Fed’s Beige Book of regional trends will be published, and Evans and Kocherlakota will be speaking publicly. The week’s big central banking event figures to be ECB President Draghi’s press conference. There is little doubt remaining that the ECB will be announcing multiple easing measures, and new macroeconomic forecasts, which are updated quarterly by the bank’s staff, are due.
Italy, New Zealand, and China have holidays at the start of the week.
It’s PMI week. Manufacturing purchasing manager surveys mostly arrive on Monday, while service sector reports are due mostly on Wednesday. There will also be construction PMIs for Australia, Germany, and Great Britain, and retail-sector PMIs for the euro area and its three main economies.
Besides the PMIs, the U.S. data calendar features the ADP estimate of private sector jobs, plus Labor Department’s estimate of unemployment, nonfarm payroll jobs, jobless insurance claims, average hourly earnings, unit labor costs, and productivity. Other monthly statistics are auto sales, the trade deficit, construction spending, factory orders, the IBD/TIPP optimism index, and the New York ISM index (NAPM). Other weekly reports will cover consumer comfort, mortgage applications, energy inventories and chain store sales.
Japan releases motor vehicle sales, quarterly investment, labor cash earnings, and the index of leading economic indicators.
Some other Asian releases that are scheduled are Thai and Taiwan’s CPI and WPI, South Korean, Filipino and Indonesian consumer prices, South Korean GDP and the Indonesian trade deficit.
Euroland reports consumer prices unemployment, retail sales, GDP and producer prices. German orders, industrial production, current account and trade surpluses, consumer prices, and labor costs will be announced. So will Italian and Greek unemployment, the French trade deficit, Belgian, Finnish, Greek and Cypriot GDP, and Dutch and Spanish industrial output.
Some East European reports of note next week will be Czech and Hungarian industrial output, Romanian and Czech retail sales, Romanian producer prices and Czech trade.
Britain releases the Halifax, Nationwide, RICs and Hometrack house price indices, the trade deficit, auto sales, shop prices, M4 money and mortgage applications.
Industrial production will be reported in Switzerland, Sweden, and Norway. Swiss consumer prices, the Swedish and Danish current accounts, and Icelandic GDP are also due.
Australian economic releases next week include expected inflation, corporate profits, building permits, GDP, the current account, retail sales and the trade balance. New Zealand reports the terms of trade and home prices, and Turkey releases both consumer prices and the PPI.
Canada, like the United States, announces labor statistics, the trade balance, productivity and unit labor costs. Brazil releases industrial output, and Mexican consumer confidence arrives.
Copyright 2014, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Economic Data Calendar
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