Next Week

February 25, 2011

Being the first week of a new month, a bunch of central bank meetings, purchasing manager surveys, and U.S. labor market indicators are planned for the week of March 4.  The monetary policy announcements will be made in Australia, Canada, Brazil, Euroland, the Czech Republic, Indonesia, Poland and Mexico, plus the Fed Beige Book, which always contains a lot of information, is also due.  Chairman Bernanke will be giving testimony on Tuesday.  EU leaders have yet another meeting scheduled, this time in Finland.  Most of the factory PMI readings will be released Thursday, followed by the service sector reports on Thursday.

Japan has a thick release schedule that includes retail sales, household spending, small business sentiment, housing starts, construction orders, industrial production, unemployment and the monetary base.

The main U.S. event will be the trifecta of the ADP private employment estimate on Wednesday, the weekly jobless claims on Thursday, and the February labor force survey on Friday.  Construction spending, auto sales, pending home sales, productivity, factory orders, and midwestern and national PMIs are also scheduled, as are weekly figures for energy inventories, chain store sales, mortgage applications, and consumer confidence.

Euroland’s releases are fairly important ones: the aforementioned PMI reports, GDP, unemployment, retail sales, and consumer prices.  Germany and France report labor statistics.  The Netherlands, Italy Ireland, Greece and France release producer prices.   Portugal, and Spain announce industrial production.

Britain has three PMI surveys to report:  manufacturing, services and construction.  The Halifax and Nationwide house price indices and mortgage approvals are also scheduled.  Danish and Swiss GDP figures get released, and so do Swedish and Swiss retail sales.  Sweden also reports trade and producer prices, while Iceland announces its latest consumer price and current account results.  Further east, Hungary is releasing trade and labor statistics, Romania publishes consumer prices and retail sales, and Czech money figures get reported.

In Canada, December and fourth-quarter GDP head a data release slate that also includes the quarterly current account, producer prices, raw material prices and the IVEY-PMI index.  Brazilian GDP, consumer prices, and trade balance are on tap, as is Mexican consumer confidence.

A variety of Asian indicators are due, including South Korean and Filipino consumer prices, Malaysian and Singaporean producer prices, and Indonesia’s trade balance, plus numerous PMI survey results.

Australia will release private credit growth, the trade balance, building approvals and the PMI indices.  New Zealand reports money growth, and Turkish and South African trade figures are due as well. 

Copyright Larry Greenberg 2011.  All rights reserved.  No secondary distribution without express permission.


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