Next Week

January 27, 2012

The week that binds January and February, like others that bridge adjacent months, has a crowded data release calendar plus such key events as the Florida primary, an EU leaders summit in Brussels, and testimony from Fed Chairman Bernanke before the House Budget Committee.  It is hoped that a Greek personal sector involvement deal will be reached before the EU summit. Central banks in the Czeck Republic and Romania hold policy meetings.

Purchasing manager survey results from January will be released for manufacturing, mostly on Wednesday, and Friday, mostly for services. 

The U.S. trio of labor market figures — the ADP private jobs estimate, weekly jobless insurance claims, and the monthly labor force survey including jobs, unemployment, wages, and hours worked keynote the U.S. data slate that also includes the Case Shiller house price index, personal income and spending, consumer credit, the Midwestern PMIs, auto sales, quarterly productivity and unit labor costs, construction spending, factory orders and weekly numbers for mortgage applications, chain store sales, consumer comfort, and energy inventories.

Japan will be reporting real household spending, housing starts, industrial production, construction orders and the monetary base.  Some of the other Asian releases planned are South Korean, Thai, and Indonesian consumer prices, Indonesian, Indian and Thai trades, Hong Kong and Filipino GDP, Malaysian producer prices, and Hong Kong retail sales.  Chinese markets reopen after a this week’s full closure, and the Chinese PMI results will draw some of the keenest interest of all purchasing manager data to be reported.

The euro area calendar in addition to various PMI surveys encompasses the release of producer and consumer prices, overall economic sentiment, consumer confidence, industrial sector confidence, labor statistics, and retail sales.  Germany will be reporting consumer prices, retail sales and unemployment.  Italy and France announce PPI figures.  Italy also releases consumer prices, business sentiment and unemployment, while France reports on consumer spending for manufactured goods.  Greek and Portuguese retail sales arrive, and Spain has a bunch of numbers to report covering GDP, consumer prices, the current account, and unemployment. 

Britain has several financial statistical releases: M4 money, mortgage applications and lending, and consumer credit.  The Halifax and Nationwide measures of British house price inflation are due, as well as three PMI reports covering manufacturing, services and construction.  Switzerland, Denmark and Norway release retail sales.  The UBS Swiss consumption indicator is due.  So are Icelandic and Swiss trade numbers.  Data releases in countries further to the east include Polish and Czech retail sales, Hungarian GDP, and Romanian producer prices.

Australia will be reporting on business confidence and conditions, commodity price inflation, private credit growth, building permits and the trade balance.  New Zealand also announces commodity prices and building permits as well as quarterly labor statistics.  South Africa and New Zealand both release M3 money, and Turkey will be reporting its producer and consumer price figures.

Canada has two big releases, monthly GDP and labor statistics, and also will be reporting producer and raw material prices. Brazilian industrial production and trade figures are due, and so is Mexican consumer confidence.

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


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