Next Week

September 23, 2011

Central banks in Israel and Romania hold interest rate policy meetings in the final week of the third calendar quarter of 2011. A couple of EMU member parliaments will be voting on the EFSF reforms, notably Germany’s.

Scheduled euro area data include money and credit growth, unemployment, preliminary September consumer prices, business and consumer sentiment, the retail purchasing manager survey, and the index of leading economic indicators.  Many statistics from member of the group also will be arriving.  Germany has scheduled the release of the retail sales, import prices, labor statistics, consumer prices, and consumer confidence.  France reports producer prices, consumer spending, and GDP, while Italy releases unemployment, wage earnings and consumer sentiment.  Belgium also reports GDP, while Spain announces retail sales, consumer prices and the current account.  Greece’s trade deficit and PPI, Portuguese industrial output and retail sales, and Dutch producer prices are some of the other arrivals. 

Elsewhere in Europe, British money growth, consumer credit, mortgage approvals are due.  So are the CBI monthly survey of retail sector trends and both the Nationwide and Hometrack house price indices.  Sweden will be announcing trade, PPI and retail sales figures, and Iceland releases both CPI and PPI data.  The Swiss current account, Danish GDP and Norwegian retail sales are also slated, as are Czech business and consumer sentiment and the current accounts of both Hungary and Poland.

The usual end-of month Japanese data are due covering retail sales, household spending, industrial production, consumer prices, corporate service prices, construction orders, housing starts, labor statistics, and small business sentiment.  The revised Chinese PMI index, South Korean consumer confidence, Singaporean producer prices, Hong Kong trade, and India’s current account are scheduled, too.

In the U.S., much regional information will surface with the release of the Chicago, Dallas, and Kansas City Fed manufacturing indices, the NAPM New York index, and mid-western PMI surveys.  Three housing market indicators are due in the form of the Case-Shiller home price index, pending home sales, and new home sales.  Both the U. Michigan final consumer sentiment reading and the Conference Board gauge of consumer confidence are due.  Personal income and spending and the final revised estimate of 2Q GDP are scheduled too, along with usual weekly stuff like jobless insurance claims, mortgage applications, chain store sales, consumer confidence, and energy inventories.

Canada will be releasing producer prices, monthly GDP, and wage earnings.  Turkey and New Zealand report trade figures.

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


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