Next Week

March 20, 2009

Next week has neither a big slate of top tier data releases nor any scheduled central bank interest rate meetings in the advanced economies.

The United States reports the third and final reading of fourth-quarter GDP, existing and new home sales, personal income and consumption, durable goods orders and the U. Michigan consumer sentiment index.  There are also the usual weekly reports on jobless claims and energy inventories, as well as monthly surveys from the Richmond and Kansas City Feds.

Preliminary PMI data for both manufacturing and services head this week’s calendar of Euroland, German and French data.  Other Euroland releases include trade, the current account, money and credit growth and industrial orders.  Consumer confidence and business sentiment get released from Germany, France and Italy. Germany also announces import and consumer price data.  French revised GDP and consumer spending are due.  So are Italian industrial orders and sales, Belgian business sentiment, and Dutch GDP.

Scheduled British data included retail sales, the current account, revised investment and GDP, the CBI’s monthly survey of retailers, and the British Banking Association’s mortgage figures.

Denmark will be reported consumer sentiment and unemployment.  Sweden announces retail sales, producer prices and trade number, and Switzerland’s index of leading economic indicators arrive, too.

Japan’s calendar includes customs-basis trade, corporate service prices, the CPI, retail sales, supermarket sales, and minutes from the BOJ meeting in February.

New Zealand reports fourth-quarter GDP and trade data.  Australia has no planned data.  However, Reserve Bank Governor Stevens speaks, and the central bank releases the financial stability review. Canadian data are limited to a single item, the index of leading economic indicators.

South Korea reports GDP, and trade data will be announced in Hong Kong and the Philippines. Mexican retail sales, consumer prices and trade figures are due.

A number of Bank of England officials testify in parliament, including Governor King and the soon-to-depart Messrs Besley and Blanchflower.  Bernanke and Geithner will be testifying.  Lacker, Fisher, Evans and Stern of the Fed also have speaking engagements.  So does Yamaguchi of the Bank of Japan.

East European central banks in Hungary, Poland, and the Czech Republic have scheduled credit policy meetings.  So do those in Israel, Taiwan and Norway.

Copyright 2009 Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.


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