Next Week

December 2, 2011

The coming week is packed full with events and data releases, culminating in the summit of EU leaders on the 9thCentral bank interest rate policy meetings are scheduled in New Zealand, Australia, European, Britain, Poland, Iceland, Canada, and Indonesia.

Service-sector purchasing manager survey results arrive for the euro area, Germany, Italy, France, Spain, Ireland, Britain, Australia, China, India, Japan, Hong Kong, Russia, and Brazil.  GDP reports, some revisions of preliminary releases, will arrive in Euroland, Portugal, Belgium, Australia, Japan, South Korea, the Czech Republic, Hungary, Iceland, Romania, and Brazil.

A number of countries will be reporting trade and/or current account figures: the United States, Canada, Mexico, Germany, France, Japan, Australia, South Africa, Greece, Finland, Portugal, Norway, Denmark, Iceland, China, Hungary, the Czech Republic, Malaysia, and Great Britain.  Industrial production is another indicator that will be frequently in the spotlight, with scheduled releases in Turkey, South Africa, Britain, The Netherlands, Greece, Finland, Denmark, Sweden, France, Germany, Italy, Romania, Hungary, the Czech Republic, Malaysia and China.

Several U.S. monthly confidence measures are due, the U. Michigan gauge of households, the IBD/TIPP optimism index, and the NFIB measure of small business sentiment.  Other items on the U.S. calendar include factory orders, consumer credit, the monthly budget, and wholesale inventories and sales, plus there are the usual weekly appearances from chain store sales, jobless insurance claims, consumer confidence, mortgage applications and energy inventories.

Euroland releases the Sentix index and retail sales.  National statistics to be reported from the common currency area include German industrial orders and consumer prices, Dutch and Greek CPI data, and French business sentiment.

In Britain, same store retail sales, shop prices, the NIESR estimate of November GDP growth, and index of leading economic indicators are all on the release calendar next week.  Swiss consumer prices and unemployment are due, and so are Norwegian CPI and PPI figures.  This will be a big week for Czech releases where in addition to the aforementioned trade, GDP, and industrial production, retail sales and consumer prices also are getting reported. 

This is the week each month when China announces virtually everything: prices, trades, retail sales, and industrial production.  The Philippines and South Korea report their PPI indices, and Filipino consumer prices also will arrive. 

Turkey and Mexico also release both its CPI and PPI.  South Africa reports retail sales. Australia’s data calendar features jobs and unemployment as well as quarterly current account, corporate earnings,  and GDP numbers. 

Canadian quarterly productivity data will accompany reports on building permits, home prices and the IVEY-PMI index. 

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


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