Next Week

July 20, 2012

Central bank interest rate policy meetings are scheduled next week in Israel, New Zealand, Hungary, the Philippines and Thailand.

U.S. data to be reported feature the first estimate of second-quarter GDP and include the preliminary manufacturing purchasing managers index, the Chicago Fed National Activity index, the K.C. and Richmond Fed manufacturing indices, the FHFA home price index, new home sales, pending home sales, the U. Michigan consumer sentiment index and weekly jobless insurance claims, chain store sales, energy inventories, and mortgage applications.

Britain will also be reporting 2Q GDP, as well as the CBI monthly surveys on industrial trends and distributive trades. 

Sweden has several planned releases: producer prices, consumer confidence, retail sales, labor costs, and the trade balance.  Denmark reports consumer confidence, while Swiss money growth and index of leading economic indicators are due, too.

The preliminary PMI survey results for Euroland, Germany, and France are due.  Other upcoming Ezone releases are money and credit growth, consumer confidence, and the index of leading economic indicators.  Germany will be releasing consumer and import prices, consumer confidence, and the IFO business climate survey.  France and Italy report both consumer confidence and business sentiment.  Italy also releases retail sales and wage costs.  Spain, Finland and Greece announce producer prices, while Belgium and the Netherlands report business sentiment.  Further to the east, Hungary and Poland will announce retail sales figures, and the Czech consumer confidence also arrives.

From Japan, investors will get to see the latest customs trade, retail sales and consumer price data as well as corporate service prices.  Among other Asia data releases, Singapore and Hong Kong consumer prices also get released.  South Korea releases GDP, its current account and consumer confidence.  Singapore and Thailand report industrial production, and China’s index of leading economic indicators is scheduled.

Australian quarterly producer and consumer price indices arrive.  South Africa also releases producer prices, and the index of leading economic indicators for both South Africa and Australia arrives.  New Zealand reports trade figures.

Canadian retail sales will be reported.  Brazil releases its current account, and Mexico reports its trade balance.

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


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