Next Week

May 27, 2016

Central Banks:  Central Bank of Iceland and European Central Bank hold policy meetings.  ECB President will preside over a press conference, and new macroeconomic forecasts are due.  The Fed releases its Beige Book, and Kaplan, Evans, Bullard and Powell are Fed officials with speaking engagements in the week. 

Holidays and Special Releases:  U.S. and British markets close Monday for Memorial Day and a Late May Bank holiday.  Italy observes Republic Day on Thursday.  OECD Economic Outlook gets published Wednesday.  A slew of purchasing managers surveys covering manufacturing, construction and service sector activity in May will be released during next week.

Scheduled U.S. Statistical Releases:  Non-farm payroll jobs, unemployment rate, real hourly earnings, personal income and expenditures, the Case-Shiller house price index, the New York, Chicago and Milwaukee regional PMIs, Dallas Fed manufacturing index, ADP estimate of private employment, auto sales, Conference Board index of consumer confidence, the trade balance, factory orders, and weekly jobless insurance claims, consumer comfort, energy inventories, chain store sales and mortgage applications.

Japanese Data: Industrial production, retail sales, auto sales and output, housing starts, construction orders, unemployment, household spending, business investment and earnings, labor cash earnings, and consumer confidence.

Other Asian Indicators:  Indonesian, Thai, and South Korean consumer prices.  Indonesian and Thai producer prices.  Malaysian and Thai trade balances.  South Korean and Hong Kong retail sales.  South Korean current account and industrial production.  China’s index of leading economic indicators and Indian 2015 GDP.

Euroland: Unemployment, consumer prices, producer prices, retail sales, and money/credit growth. 

Members of the Eurozone:  German and Greek retail sales and import prices.  German, French, Italian and Cypriot consumer prices. German, Italian, and Irish unemployment. French, Portuguese and Greek GDP.  Portuguese consumer confidence and retail sales.  French consumer spending.

U.K. and Switzerland:  British M4 money, shop prices, and the Nationwide house price index.  Swiss GDP, retail sales, current account and index of leading economic indicators.

Nordic Europe:  Swedish and Danish GDP.  Swedish and Norwegian current accounts.  Swedish industrial production, Danish unemployment, and Icelandic producer prices.

Eastern Europe:  Polish and Czech GDP.  Romanian  and Hungarian PPI and retail sales. 

Australia and New Zealand:  New Zealand and Australian housing permits.  Australian new home sales, current account, money and credit, GDP, retail sales and trade balance.  New Zealand business sentiment. 

South Africa, Brazil and Turkey: South African money growth, credit expansion, and trade balance.  Brazilian trade balance, GDP, and industrial production  Turkish trade, CPI and PPI.

Canada:  Monthly and quarterly GDP.  Current account, trade balance, unit labor costs, labor productivity, PPI and raw material prices. 

Copyright 2016, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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