Next Week

August 10, 2012

Focus shifts next week from central banks to GDP.  Two central banks that will be discussing interest rate policy are those in Turkey and Chile, and minutes from an earlier meeting will be released by the Bank of England and Bank of Japan.  Japan reports 2Q GDP on Monday, and many European countries as well as the euro area as a whole also released GDP figures during the week.

Japan also reports its tertiary index of service sector activity.  Some of the other Asian releases of note will be Singapore retail sales, Indian wholesale prices and consumer confidence.  Turkey also reports consumer sentiment.

Data releases in the euro area other than GDP include industrial production, the ZEW index of investor sentiment, and consumer prices.  Germany will be reporting consumer, wholesale and producer prices.  The French index of leading economic indicators arrives as do 2Q jobs, and monthly consumer prices.  Dutch and Finnish retail sales and Spanish trades are scheduled, too.

The British calendar of indicators to be released shows a couple of house price measures, one from the ONS and the other from the Royal Institute of Chartered Surveyors.  Labor statistics, retail sales, and consumer prices are arriving, too.  Norway releases retail sales and trade numbers.  Sweden and Iceland will report consumer prices, while Denmark and the Czech Republic publish PPI numbers.  Swedish industrial production is due.

In the Western Hemisphere, the United States has many releases planned:  retail sales, producer and consumer prices, industrial production, the TIC capital flow data, business inventories, small business sentiment, the IBD/TIPP optimism index, the national association of home builders index, the Empire State and Philly Fed manufacturing indices, housing starts, building permits, U. Michigan index of consumer sentiment, Conference Board index of leading economic indicators and various and sundry weekly checks of such things as jobless insurance claims, chain store sales and energy inventories.  Canada will announce consumer prices and releases the monthly manufacturers survey.  Mexican GDP and industrial production arrive.

Current account figures are being reported in Turkey, France, Poland, the Czech Republic, Finland, Romania, Italy, and whole euro area.

Australia releases business confidence and conditions, quarterly labor costs, consumer confidence and expected inflation.  New Zealand will be reporting producer prices and retail sales.  South African retail sales and Israeli GDP are also scheduled.

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


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