Next Week

May 13, 2011

The third week of May 2011 has a comparatively light data and event calendar.  Monthly meetings of monetary policymakers in Japan and Hungary are  not expected to result in any changes but will provide an opportunity to peruse latest economic assessments.  Minutes from the last FOMC, Australian, and Bank of England meetings will be released, and EU finance ministers are meeting.

Scheduled Japanese data feature first-quarter GDP and also include corporate service prices, consumer confidence, machinery orders, machine tool orders, the tertiary index, revised industrial production and capacity usage, and the all industry index.

Some other Asian releases will be Malaysian consumer prices, the Filipino current account, Hong Kong unemployment, and Indian wholesale prices.

Both the Philly and Empire State manufacturing indices get release, as do U.S. industrial production, housing starts, building permits, the index of economic indicators, the National Association of Home Builders index, existing home sales, and Treasury capital flow figures.  Weekly jobless insurance claims, energy inventories, mortgage applications, chain store sales and consumer confidence numbers are also awaited.

Euroland’s data calendar includes the ZEW indices of investor expectations, construction orders, the current account and trade balance, final consumer prices and preliminary consumer sentiment.  German producer prices, Spanish GDP, the French index of leading economic indicators, Italian, Belgian, and Irish data are due, and so are Portuguese producer prices and unemployment, and Belgian and Dutch consumer confidence.

The U.K. reports consumer prices, labor statistics, the Nationwide consumer sentiment index, retail sales, the index of leading economic indicators, and the DLCG house price index. Norwegian trades, Icelandic consumer prices, and the Swiss ZEW expectations index are scheduled.  Polish consumer prices, producer prices and industrial production are on the schedule, as well as the Czech current account and PPI index.

From Canada, investors will learn the results of the latest monthly manufacturers survey, index of leading economic indicators, CPI report and both wholesale and retail turnover reports.  Mexican GDP figures arrive.

Australian labor costs and mortgage lending figures are due.  So are New Zealand producer prices, Turkish consumer confidence and unemployment, and South Africa’s CPI, PPI, and wholesale sales.

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


Comments are closed.