Next Week

September 12, 2014

The FOMC is expected to unveil new forward guidance language.  Wednesday’s announcement will be accompanied by fresh macroeconomic forecasts and a Yellen press conference.  Other central bank meetings are scheduled in South Africa, Switzerland, Norway, Malaysia, and Thailand.  The Reserve Bank of Australia and Bank of England release minutes of their earlier meeting.  Bank of Japan Governor Kuroda speaks publicly.

Japan will be closed Monday for Respect for the Aged Day, and New Zealand has scheduled elections on Friday.

The U.S. data calendar features consumer prices, industrial production, housing starts and the current account and also includes capacity usage, the National Home Builders housing index, producer prices, the TIC statistics on international capital flows, the Philly Fed and Empire State manufacturing indices, and the index of leading economic indicators.  In addition, there will be the usual assortment of weekly statistics: chain store sales, consumer comfort, mortgage applications, energy inventories, and jobless insurance claims.

Britain will be reporting consumer prices, producer prices, retail prices, the DCLG house price index, the Rightmove house price index, labor statistics, the distributive trades survey, and retail sales.

Switzerland and Denmark release producer prices. Icelandic consumer prices and Swiss trade figures are due, too.

Arriving euro area-wide data include the current account and trade balances, construction output, car sales, consumer prices and the ZEW index of investor expectations.  ZEW also reports indices for Germany, where the PPI and index of leading economic indicators are also set to get released.  Some other Ezone national data arrivals will be Dutch and Belgian consumer confidence, Irish GDP, Finnish consumer prices, Portuguese producer prices, Spain’s index of leading economic indicators, and the Italian trade and current account balances.

Japanese customs trade, machine tool orders, all industry index, department store sales, and index of leading economic indicators are on tap. 

China will be releasing retail sales, industrial production, property prices, business investment, and foreign direct investment.  India reports wholesale prices and its trade statistics.  South Korean producer prices, Malaysian consumer prices, and Singaporean retail sales and trade data are due, too.

Canada releases the CPI, manufacturing survey, existing home sales and wholesale turnover figures.  New Zealand reports GDP, the current account and the service-sector PMI.  Australian auto sales data arrive, too.

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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