Next Week

October 20, 2011

Central banks hold policy meetings next week in New Zealand, Canada, India, Sweden and Japan.  The Bank of Japan will release new growth and inflation projections after its meeting.  The United States, Euroland, and Japan all have numerous meaningful data releases.  EU leaders meet in Brussels on Sunday,  and another summit is set for Wednesday.

Scheduled U.S. indicators to be released feature the first estimate of third-quarter GDP, where whisper numbers are reaching up to 3.0%.  Several housing market barometers are due: the Case-Schiller and FHFA price indices, new home sales, and pending home sales.  The Conference Board and final October U. Michigan measures of consumer confidence are on the calendar, and so are durable goods orders, personal income and spending, and the employment cost index.  Weekly figures will of course be arriving for jobless insurance claims, energy inventories, chain store sales, consumer confidence and mortgage applications.

Japan reports customs trade, small business sentiment, retail sales, consumer prices, labor statistics, industrial production and real household spending.

Euroland releases the preliminary purchasing managers data for the whole region, Germany and France, business and consumer sentiment, industrial orders, money and credit growth, and the index of leading economic indicators.  In addition, Germany announces import prices, retail sales, consumer confidence, and the index of leading economic indicators.  French household spending, Belgian consumer prices and Greek producer prices are due.

Spain, Singapore, and Iceland each will be releasing both consumer prices and producer prices.  Italy, France and Britain join Germany in reporting consumer confidence.

Some other British releases will be the CBI surveys of industrial and retail trends and the British Bankers Association mortgage lending figures.  Danish retail sales and Swedish producer prices are also scheduled, as are Czech business sentiment and consumer confidence.

Both Australia and New Zealand will report quarterly consumer prices.  The Turkish and New Zealand trade numbers come out as well.  So do South African producer prices and Australia’s index of leading economic indicators. 

Canada releases retail sales and average weekly earnings, while Mexico reports trade. Brazil releases both unemployment and its monthly current account.

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


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