Next Week

March 13, 2015

Central Banks:  Interest rate policy meetings are planned by the FOMC and in Japan, Switzerland, Norway, Iceland, Indonesia, Turkey, Chile and Colombia.  Minutes from recent meetings will be published by the Bank of Japan, Bank of England, and Reserve Bank of Australia.  The FOMC statement on Wednesday will be followed by a press conference with Chair Yellen and the release of updated forecasts.  Other central bank officials speaking publicly next week are BOJ Governor Kuroda, ECB President Draghi, Reserve Bank of Australia Governor Stevens, Deputy RBA Governor DeBelle, and Atlanta Fed President Lockhart.

British Budget:  The last U.K. budget before May parliamentary elections will be presented by Chancellor of the Exchequer George Osborne on Wednesday, March 18, the same day as the FOMC statement and Yellen press conference. 

U.S. Data:  Industrial production, capacity usage, housing starts, building permits, the National Association of Home Builders index, the index of leading economic indicators, Treasury-compiled capital flows, the current account, and weekly jobless insurance claims, chain store sales, energy inventories, mortgage applications and consumer comfort.

Japanese Data:  Department and supermarket sales, customs trade, the all-industry index, and machine tool orders.

Chinese Data:  Property prices, foreign direct investment, and the MNI business indicator.

Other Selected Asian Statistics:  Indonesian, South Korean and Singaporean trade figures.  Hong Kong and Malaysian consumer prices.  India’s WPI and South Korean producer prices.  Filipino current account and South Korean unemployment.

Eurozone Data:  4Q labor costs, revised consumer prices, construction output, the current account, trade, car sales, and the ZEW index of investor sentiment.

Members of the Euro Area:  For Germany, the ZEW index of investor sentiment, producer prices, and the index of leading economic indicators.  Italian and Portuguese current account.  Spanish, Italian and Dutch trade.  Dutch industrial output, retail sales, consumer confidence, consumer spending, and unemployment.  Portuguese PPI and Austrian consumer prices.

British Data:  Labor statistics, public finances, the industrial trends index, the index of leading economic indicators, and the Rightmove house price index.

Swiss Data:  Updated government macroeconomic forecasts, producer prices, import prices, retail sales, trade figures, and the ZEW index of investor sentiment.

Nordic Region:  Danish PPI and retail sales.  Icelandic CPI and wage costs.  Norwegian trade.

Eastern Europe:  Polish current account, CPI, PPI retail sales, and industrial production.  Czech current account and producer prices.

Australia and New Zealand:  Australian motor vehicle sales and index of leading economic indicators.  New Zealand services PMI, current account, GDP, and consumer confidence.

South Africa, Turkey and Israel:  South African CPI, retail and wholesale sales, and current account.  Turkish unemployment and Israeli consumer prices.

Canadian Data Arrivals:  The survey of manufacturing sales, orders and inventories; retail sales, wholesale turnover, and the CPI.

Latin America:  Colombian and Chilean GDP.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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