Next Week

February 23, 2018

Central Banks: Monetary policy reviews in South Korea, Israel, Ukraine, and Hungary. Fed Chairman Powell’s initial semi-annual Humphrey Hawkins testimony (Wednesday before the House Financial Services Committee and Thursday before the Senate Banking Committee). Fed also publishes its Beige Book of regional economic conditions.

Manufacturing Purchasing Manager February Surveys: China, U.S., Japan, U.K, Euroland, Germany, France, Italy, Spain, The Netherlands, Greece, Ireland, Switzerland, Sweden, Greece, the Czech Republic, Russia, Turkey, Poland, Norway, Austria, Australia, Vietnam, the Philippines, Taiwan, Malaysia, Indonesia, Mexico, Brazil, South Africa, and Canada. Also Britain’s construction PMI and the government-compiled Chinese non-manufacturing PMI.

Scheduled U.S. Statistical Releases: GDP, personal income and spending, durable goods orders, monthly jobs report, Chicago PMI, Case-Schiller house price index, FHFA house price index, new home sales, Richmond and Dallas Fed manufacturing indices, Chicago Fed’s National Activity Index, construction spending, motor vehicle sales, pending home sales, and weekly jobless insurance claims, mortgage applications, consumer comfort, chain store sales and energy inventories.

Euroland: CPI, PPI, money and credit growth, unemployment, economic sentiment, consumer confidence, and index of leading economic indicators.

Members of the Euro Area: German CPI, unemployment, consumer confidence, retail sales, and import prices. French GDP, PPI, consumer spending and consumer confidence. Italian GDP, CPI, business sentiment, unemployment, and business sentiment. Spanish, Portuguese, Belgian, and Finnish GDP. Spanish CPI and current account. Portuguese consumer and business sentiment, unemployment, industrial production and unemployment. Finnish and Greek producer prices. Irish and Greek retail sales. Irish unemployment and Cypriot industrial output.

U.K. and Switzerland: British money growth, mortgage approvals, shop prices, consumer confidence and Nationwide house price index. Swiss GDP, retail sales, employment growth, consumption indicator, investor sentiment, and index of leading economic indicators.

Nordic Europe: Swedish and Norwegian retail sales. Icelandic and Swedish producer prices. Iceland’s PPI and Danish GDP. Swedish trade, consumer confidence, and current account.

Eastern Europe: Czech and Hungarian producer prices. Polish GDP and Hungarian unemployment. Czech retail sales and industrial production.

Japanese Releases: Retail sales, industrial production, real household spending, unemployment, housing starts, construction orders, motor vehicle output and sales, corporate profits, consumer confidence, index of leading economic indicators, monetary base, and quarterly business investment.

Selected Other Asian Statistics: Indonesian and Malaysian consumer prices. Singaporean and Malaysian producer prices. South Korean and Singaporean industrial production. Indonesian and Hong Kong GDP. Thai and Hong Kong trade. Singaporean and Hong Kong retail sales. Thailand’s current account and South Korean consumer confidence.

Australia and New Zealand: Australian home sales, money and credit growth, and fourth-quarter business investment. New Zealand building permits, consumer confidence, business sentiment and trade balance.

South Africa and Turkey: South African money and credit growth and PPI. Turkey’s trade balance.

Canada, Brazil and Mexico: Canadian PPI and  industrial production. Canadian and Brazilian quarterly GDP and current accounts. Brazilian and Mexican trade balances. Brazilian CPI, PPI, and industrial output. Mexican retail sales, unemployment and wholesale turnover.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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