Next Week

June 4, 2011

Central bank policymakers will be meeting in Australia, New Zealand, Britain, Poland, Euroland and Indonesia during the first week of June.  So will OPEC oil ministers.  The Fed Beige Book describing regional economic conditions gets published.

The second estimates of euro area and Japanese GDP data arrive.  Canada and Australia each release monthly labor statistics, and Chinese trade and the U.S. monthly budget figures are due as well.

Japan has several other scheduled releases: money and lending growth, corporate goods prices, the index of leading economic indicators, the economy watchers index, consumer confidence, machine tool orders, the tertiary index of service sector activity, and the current account.

Euro area-wide data on producer prices, investor sentiment, and retail sales are due.  German orders, industrial production, current account and consumer prices are scheduled releases, as also are French trade and industrial output, Italian GDP, Dutch and Greek industrial production, and Portuguese consumer prices and GDP.

Britain reports industrial production, the trade deficit, producer prices, shop prices and same-store sales.  Switzerland and Norway release consumer prices and industrial production.  Swiss unemployment and Norwegian producer prices are due, too, as are Danish consumer prices and trades and Icelandic, Czech and Hungarian GDP.

The United States will be releasing the Labor Department’s JOLTS index, the trade deficit, wholesale inventories, import prices, consumer credit, and the IBD/TIPP index, as well as weekly jobless insurance claims, energy inventories, consumer confidence, chain store sales, and mortgage applications.  Canada’s data calendar includes the IVEY PMI index, housing starts, building permits, home prices, trades, and the aforementioned monthly labor figures.  Brazilian retail sales and Mexican trades and consumer prices are some of the Latin American data highlights due next week.

In Asia, South Korea will report GDP, India releases industrial production, the Philippines announces PPI and CPI, and Malaysia releases industrial production.

Besides labor figures, Australia releases expected CPI inflation, business conditions and confidence, consumer confidence, household and investment lending, and the construction PMI.  New Zealand’s manufacturing activity index is scheduled.  So are South African and Turkish industrial production.

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


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