Next Week

February 24, 2012

Central banks hold interest rate policy meetings next week in The Philippines, Hungary and Israel.  G20 finance ministers and central bankers are meeting this weekend in Mexico City, and an EU summit in Brussels commences on Thursday.  The Fed releases its Beige Book on Wednesday, and numerous Fed officials are scheduled to speak publicly during the week including Bernanke, Bullard, Williams, Pianalto, Lockhart, Fisher, and Plosser.

The data release schedule is very heavy and features manufacturing purchasing manager surveys from Australia, Japan, Euroland, the United States, Britain, China, Germany, France, Italy, Spain, Ireland, The Netherlands, South Korea, Singapore, India, Brazil, Switzerland, Norway, Saudi Arabia, Hungary, Poland, Denmark, South Africa, Russia, the Czech Republic, Sweden, Taiwan, and Canada.  Britain will be also reporting its construction PMI results.

Aside from the extensive PMI information, scheduled euro area releases for the whole region include money and credit growth, unemployment, consumer prices, producer prices and business and consumer sentiment.  German labor statistics, consumer prices, consumer confidence, and retail sales will be reported.  France releases PPI and consumer spending figures.  Italy announces unemployment and producer prices.  Spain’s current account and CPI, Finland’s GDP and consumer confidence, Greek trades, producer prices and retail sales, and Belgian consumer prices are some of the other releases.

Britain’s Hometrack, Nationwide and Nationwide house price indices are scheduled, and the CBI monthly survey of retail trends is due.  Other arriving U.K. data will be consumer confidence, money growth, mortgage approvals, and consumer credit.  There will be a number of Swiss releases: the index of leading economic indicators, consumer prices, GDP and the consumption gauge compiled by UBS.  From Sweden, investors will receive retail sales, trades, GDP and producer prices.  Iceland reports producer and consumer prices, while Hungary publishes the latest PPI and unemployment figures.

Japan will be reporting industrial production, household spending, retail sales, auto sales and production, construction orders, consumer prices, housing starts, labor statistics, the monetary base and quarterly business investment.  Some of the other non-PMI releases from Asia will be South Korean industrial output and consumer prices, Thailand’s CPI, PPI, and current account, Indonesian consumer prices, and Malaysian and Singaporean producer prices.

The U.S. calendar features GDP, personal income and spending, construction spending, auto sales, the Midwestern and national PMI results, the Richmond Fed index, consumer confidence, the Case-Shiller house price index, durable goods orders, pending home sales, and an assortment of weekly releases covering chain store sales, consumer confidence, jobless insurance claims, energy inventories, and mortgage applications.

Canada reports both monthly and quarterly GDP, the quarterly current account and monthly PPI and raw material prices.  Brazilian trade figures are due.  Some of the upcoming Australian releases will be money growth, building permits, home sales, private credit, and the commodity price index.  New Zealand also reports commodity prices ans well as housing permits, the terms of trade, and the trade balance.  South African GDP and unemployment data are scheduled.  Both South Africa and Turkey will be releasing trade numbers.

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


Comments are closed.