Next Week

October 14, 2011

G20 finance ministers will be meeting October 15 in Paris.  Central bank interest rate meetings are scheduled in Turkey, Norway, Brazil and The Philippines.  The Reserve Bank of Australia and Bank of England will publish minutes from policy meetings held early this month.

Scheduled U.S. data releases feature the Beige Book, industrial production, consumer and producer prices, the Philly and Empire State manufacturing indices, the National Association of Home Builders index, existing home sales, the index of leading economic indicators, and the Treasury TIC statistics for capital flows.  In addition, weekly statistics for jobless insurance claims, chain store sales, energy inventories, consumer confidence and mortgage applications will command their usual amount of attention.

It’s a comparative light week for euroland releases, but various negotiations to settle the Greek debt crisis will be watched closely.  Ezone-wide data arriving next week include consumer confidence, construction orders, the current account, the index of leading economic indicators and the ZEW index of investor sentiment.  There is a ZEW survey for Germany, too, as well as the IFO German business climate index.  Germany, Ireland, Finland, and Portugal released producer prices. Belgium and Ireland report trade figures, and Dutch unemployment and Belgian consumer confidence are also due.  The Bank of France releases its French business sentiment index.

From Britain, investors will learn if CPI inflation finally reaches 5.0% and will also get a look at the Rightmove house price index, the Nationwide consumer confidence index, retail sales, and the monthly budget deficit.  Switzerland reports on trade, investor sentiment, and money growth, while Denmark releases producer prices and consumer confidence.  Norwegian trade figures, Icelandic consumer prices and Swedish unemployment arrive, too.  Further to the east, the Czech PPI, Polish industrial production and Hungarian retail sales get released.

One of the biggest data releases of the week will be Chinese third-quarter GDP.  Other scheduled Chinese statistics are retail sales, industrial production, foreign direct investment, fixed asset investment, and the index of leading economic indicators.

Japan reports revised industrial output, the all-industry index, and the index of leading economic indicators.  South Korea and Singapore announce trade data, while Malaysia and Hong Kong will be releasing consumer price statistics.

Canadian consumer prices are also arriving along with Canadian auto sales, wholesale sales, its index of leading economic indicators and net securities flows. Mexican wholesale sales and Argentine trade are two items from Latin America’s data calendar.

Some scheduled Australian releases are motor vehicle sales, import and export prices, and building permits, while New Zealand’s purchasing managers survey for the services sector is also due.  South Africa reports retail and wholesale turnover figures, while Turkish labor statistics are also arriving.

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


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