Next Week

January 13, 2012

The third week of January kicks of with the Martin Luther King Holiday in the United States and includes central bank meetings in Canada and Mexico.  Canada will publish its quarterly Monetary Policy Report, while the ECB monthly Bulletin also arrives.  ECB President Draghi and Bank of England Governor King speak publicly; policy changes were not announced for either of those banks last week.

The United States reports both PPI and CPI figures, industrial production, the New York and Philly Fed manufacturing indices,  Treasury capital flow data, housing starts, building permits, existing home sales and the National Association of Homebuilders index.  Weekly figures will cover chain store sales, jobless insurance claims, mortgage applications, consumer confidence, and energy inventories.

Upcoming Canadian releases include consumer prices, wholesale sales, auto sales, manufacturing orders, sales and inventories, and securities transactions.

China announces fourth quarter and full 2011 GDP and also reports industrial production, retail sales, fixed asset investment, foreign direct investment, the index of leading economic indicators and the revised PMI index.  Some other selected Asian indicators include Indian wholesale prices, South Korean and Singaporean trade figures, and Hong Kong unemployment.

Australian has a busy data calendar with the release of labor statistics, import and export prices, auto sales, and expected inflation.  New Zealand reports quarterly consumer prices.  South African retail sales and consumer prices both arrive next week, as does Turkish unemployment.

Japan reports the related activity series:   industrial production, the tertiary index, and the all-industry index.  Consumer confidence, corporate goods prices, machinery orders, and the index of leading economic indicators are some other planned Japanese releases.

Britain will announce the latest figures covering consumer and retail prices, wages, jobs and unemployment, retail sales and the DCLG house price index.  Swiss and Danish producer prices, Icelandic consumer prices, and Norwegian trade numbers are due.  So are Polish consumer prices, producer prices and industrial production.

From the euro area, investors will learn the latest trends in consumer prices, construction output and current account.  Investor sentiment will be monitored in the ZEW indices from the whole euro area and Germany.  Germany also releases its WPI and PPI reports, while Italy announces consumer prices, industrial orders and its current account.  The French index of leading economic indicators, the Greek current account, and Finnish and Portuguese producer prices and some of the other planned releases from Euroland.

Copyright 2012, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.


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