Next Week
December 31, 2009
Central banks in Britain, South Korea, Indonesia, and Romania hold interest rate meetings in the first week of 2010. None are likely to change policy, and the Bank of England is not expected to adjusted its asset buying ceiling, either. Minutes from the December FOMC meeting will be released, and at least six top Fed officials including Bernanke and Kohn will be speaking publicly during the period. The data calendar is thick from both a quantity and quality standpoint.
The U.S., Euroland, Britain, China, India, Australia, Japan, Russia, Switzerland, Sweden, Korea, South Africa, and Various East European countries release purchasing managers indices for manufacturing and services.
In the U.S., the spotlight will be on the labor market. ADP releases an estimate of private employment on Wednesday, jobless claims arrive Thursday, and the monthly labor force survey is slated for Friday. Other scheduled U.S. monthly releases include construction spending, pending home sales, factory orders, auto sales, chain store sales, wholesale inventories, and consumer credit.
Euroland reports consumer and producer prices, industrial orders, economic, business and consumer sentiment, retail sales, unemployment and the final GDP growth estimate for the third quarter of 2009. Germany releases retail sales, labor statistics, industrial orders and production and trade and current account figures. France announces consumer confidence and trade numbers. Spain and the Netherlands will report consumer prices.
It will be a big week for British data, too. That country announces consumer credit, mortgage approvals, M4 money, the Nationwide consumer confidence index, same-store sales, motor vehicle registrations, and producer prices. Sweden releases industrial orders and output as well as the monthly activity index. Swiss consumer prices and unemployment are due, and so are Norwegian industrial output and home prices.
Japan has a light schedule, releasing just the service sector PMI, monetary base, index of leading economic indicators, and auto sales. Other Asian figures to watch for include South Korean, Taiwanese, and Malaysian trades, Taiwanese and Thai consumer prices, and South Korean producer prices.
Like the United States, Canadian labor statistics get released on Friday the 8th. Canada also reports the IVEY-PMI index and producer prices next week. Mexico reports consumer prices.
A trio of Aussie releases — building approvals, retail sales and the trade balance — is scheduled. New Zealand and the Czech Republic also release trades, while Turkey reports consumer prices. Hungarian industrial production figures are due, too.
Copyright Larry Greenberg 2009. All rights reserved. No secondary distribution without express permission.
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