Next Week

September 2, 2012

Central bank interest rate policy meetings during the first full week of September are scheduled at the ECB, Bank of England, Bank of Canada, Reserve Bank of Australia, Bank of Poland, Swedish Riksbank, Bank of Peru, Bank of Mexico, Bank of Thailand and Bank Negara Malaysia.  Bank of Japan Governor Shirakawa and ECB Pdt have speaking opportunities, and the leaders of Germany and Spain hold talks on Thursday.

The week kicks off Monday with Labor Day holidays in Canada and the United States.  The U.S. Democratic National Convention in Charlotte will nominate President Obama to serve a second term.

This will be PMI week.  Purchasing manager surveys for manufacturing and services will be released for numerous economies.  British and German construction-sector PMIs arrive, too. 

Quarterly GDP figures for Euroland, individual countries in the euro area, Switzerland, South Korea, Iceland, several eastern European nations, and Australia arrive too.  Britain’s August monthly GDP estimate arrives, too.

The United States reports a trio of labor market reports — weekly jobless claims, the Labor Department’s monthly report on jobs, unemployment, and hourly wages — plus quarterly productivity, monthly construction spending, the monthly budget and weekly chain store sales, energy inventories, mortgage applications, and consumer comfort.

Australia has a slew of upcoming releases besides the aforementioned GDP.  These include unemployment and other labor statistics, job ads, retail sales, trade figures, the current account, and expected inflation.

Japan will be releasing quarterly business expenditures and monthly auto sales and labor cash earnings.  Also on tap are the index of leading economic indicators, foreign exchange reserves, and the monetary base.

The report Swiss reserves will shed further light on the intensity of SNB currency intervention.  Other Swiss data releases will be retail sales, consumer prices and unemployment.

Germany, Denmark, Norway, the Czech Republic, the Netherlands, China, and Spain release industrial production.  France reports trade figures and the monthly fiscal accounts.  Germany also releases industrial orders, trade, and current account results.  From the euro area as a whole arrives producer prices, retail sales, trade data and GDP.

Britain’s data release calendar includes the Halifax house price index, same-store sales, industrial production, and producer prices.

Turkey, Thailand, Mexico, and the Philippines each report both consumer prices and producer prices.  India and Indonesia release trade numbers. 

Canadian building permits, labor productivity, and IVEY-PMI index are scheduled releases next week.  So are Brazilian trades, industrial production and consumer prices, as well as Mexican consumer confidence.

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


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